NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MLABS SYSTEMS BERHAD ("MLABS" OR THE "COMPANY") PRIVATE PLACEMENT

MLABS SYSTEMS BERHAD

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

PRIVATE PLACEMENT

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 15 May 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcements dated 15 May 2020, 29 May 2020, 25 June 2020 and 6 July 2020 in relation to the Private Placement.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board has on to-date (“Price-fixing Date”) fixed the issue price for the placement of 57,365,000 Placement Shares at RM0.0452 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of 9.96% to the 5-day VWAP of the Shares up to and including 16 July 2020 of RM0.0502, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 17 July 2020.






Announcement Info

Company Name MLABS SYSTEMS BERHAD
Stock Name MLAB
Date Announced 17 Jul 2020
Category General Announcement for PLC
Reference Number GA1-17072020-00079