New Issue Of Securities (Chapter 6 Of Listing Requirements):Other Issue Of Securities

BackJun 26, 2014
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description PRESTARIANG BERHAD (“PRESTARIANG” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PRESTARIANG

(Unless stated otherwise, all expressions used in this announcement shall carry the same meanings as defined in the announcement dated 25 June 2014).

 We refer to the announcement dated 25 June 2014 in relation to the Proposed Private Placement ("Announcement").

On behalf of the Board of Directors of Prestariang (“Board”), CIMB Investment Bank Berhad (“CIMB”) is pleased to announce that the additional listing application in relation to the Proposed Private Placement has been submitted to Bursa Securities today.

 

In addition, on behalf of the Board, CIMB also wishes to announce that the Board had on 26 June 2014, fixed the issue price of 44,000,000 new Placement Shares at RM1.74 per Placement Share and successfully identified placees for the Proposed Private Placement to raise gross proceeds of RM76.56 million.  The issue price represents a discount of approximately 8.1% to the five (5)-day VWAP of Prestariang Shares up to and including 25 June 2014 of RM1.8934 and a discount of approximately 7.9% to the closing market price of Prestariang Shares on 25 June 2014 of RM1.89.  As disclosed in the Announcement, the Proposed Private Placement will be subject to the approval of Bursa Securities for the listing of and quotation for the Placement Shares.

 

CIMB is the sole placement agent for the Proposed Private Placement.

 This announcement is dated 26 June 2014.

 


Announcement Info

Company Name PRESTARIANG BERHAD  
Stock Name PRESBHD    
Date Announced 26 Jun 2014  
Category General Announcement
Reference No MM-140625-80236