General Announcement for PLC

04/01/2021

NEW 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


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