NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING INDUSTRONICS BERHAD ("ITRONIC" OR THE "COMPANY") PROPOSED ISSUANCE OF UP TO 20,552,560 NEW ORDINARY SHARES IN ITRONIC REPRESENTING UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF ITRONIC ("PROPOSED SHARES ISSUANCE")

INDUSTRONICS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
INDUSTRONICS BERHAD ("ITRONIC" OR THE "COMPANY")

PROPOSED ISSUANCE OF UP TO 20,552,560 NEW ORDINARY SHARES IN ITRONIC REPRESENTING UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF ITRONIC ("PROPOSED SHARES ISSUANCE")

This announcement is dated 15 July 2019.

 

Reference is made to the Company’s announcements on 10 January 2019, 15 January 2019, 18 March 2019, 8 April 2019, 16 April 2019, 14 May 2019, 28 June 2019, 8 July 2019 and 10 July 2019 in relation to the Proposed Shares Issuance ("Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

 

On behalf of Itronic, Amlnvestment Bank Berhad wishes to announce that the Company has fixed the issue price for the Subscription Shares at RM0.0924 per Subscription Share to Mr Chu Boon Tiong and Mr Kevin Chan Ka Leung.  The issue price of RM0.0924 represents a discount of approximately 9.94% to the five (5)-day VWAMP of Itronic Shares up to 12 July 2019 of RM0.1026 (Source: Bloomberg).






Announcement Info

Company Name INDUSTRONICS BERHAD
Stock Name ITRONIC
Date Announced 15 Jul 2019
Category General Announcement for PLC
Reference Number GA1-15072019-00069