General Announcement for PLC
04/01/2021NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES BONUS ISSUE OF WARRANTS
XOX BHD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
Description | BONUS ISSUE OF WARRANTS |
(For consistency, the abbreviations and definitions used throughout this announcement shall have the same meanings as defined in the announcement dated 6 November 2020 in relation to the Bonus Issue of Warrants, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements in relation to the Bonus Issue of Warrants dated 6 November 2020, 9 November 2020 and 19 November 2020.
On behalf of the Board, Mercury Securities wishes to announce that the Company has resolved to fix the exercise price of the Warrants C at RM0.10 per Warrant C (“Exercise Price”).
The Board had fixed the Exercise Price after taking into consideration, amongst others, the TEAP of the Shares based on the 5-day VWAP of the Shares up to and including 4 January 2021, being the price-fixing date (“LTD”).
The Exercise Price represents a discount of approximately 5.11% to the TEAP of the Shares of RM0.1054, calculated based on the 5-day VWAP of the Shares up to and including the LTD of RM0.1074.
This announcement is dated 4 January 2021. |
Announcement Info
Company Name | XOX BHD |
Stock Name | XOX |
Date Announced | 04 Jan 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-04012021-00152 |