NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HANDAL RESOURCES BERHAD ("HANDAL" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF HANDAL ("PRIVATE PLACEMENT")

HANDAL RESOURCES BERHAD

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

PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF HANDAL ("PRIVATE PLACEMENT")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Private Placement.

 

We refer to the earlier announcements dated 7 March 2019, 13 March 2019 and 15 March 2019 in relation to the Private Placement.

 

On behalf of the Board, UOBKH wishes to announce that the Board had on 4 April 2019, resolved to fix the issue price for the Private Placement at RM0.3132 per Placement Share.

 

The issue price of RM0.3132 per Placement Share represents a discount of approximately 9.97% to the 5-day volume weighted average market price ("VWAMP") of Handal Shares up to and including 3 April 2019, being the last traded day of Handal Shares immediately preceding the price-fixing date, of RM0.3479 per Handal Share.

 

 

This announcement is dated 4 April 2019.






Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 04 Apr 2019
Category General Announcement for PLC
Reference Number GA1-04042019-00059