NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING JAG BERHAD ("JAG" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES IN JAG ("PRIVATE PLACEMENT")

JAG BERHAD

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

PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES IN JAG ("PRIVATE PLACEMENT")

Reference is made to the announcements dated 31 May 2019, 19 June 2019, 21 June 2019, 1 July 2019 and 9 July 2019 (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, M&A Securities is pleased to announce that the Company has fixed the issue price of the Placement Shares at RM0.032 per Placement Share to be issued pursuant to the Private Placement.

 

The aforementioned issue price of RM0.032 per Placement Share represents a discount of approximately RM0.003 or 8.57% to the 5-day weighted average market price of JAG Shares from 9 December 2019 to 13 December 2019 of RM0.035.

 

 

This announcement is dated 16 December 2019.






Announcement Info

Company Name JAG BERHAD
Stock Name JAG
Date Announced 16 Dec 2019
Category General Announcement for PLC
Reference Number GA1-16122019-00041