| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description |
EKOVEST BERHAD ("EKOVEST" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF EKOVEST |
We refer to the earlier announcements in relation to the Private Placement. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.
On behalf of the Board, RHB Investment Bank and Astramina wish to announce that the issue price for the first tranche of the Private Placement has been fixed on 6 May 2019 (“Price-Fixing Date”) at RM0.83 per Placement Share (“First Tranche”). The First Tranche will comprise up to 214,812,359 Placement Shares, calculated based on 10% of the total number of issued shares of Ekovest as at 3 May 2019.
The issue price of RM0.83 per Placement Share represents a discount of approximately 7.12% to the five (5)-day volume weighted average market price of Ekovest Shares up to and including 3 May 2019 (being the last market day prior to the Price-Fixing Date) of RM0.8936 per Ekovest Share.
For information purposes, the actual number of Placement Shares to be placed out under the First Tranche will depend on the final acceptance by the identified placees. Any Placement Share not placed out under the First Tranche will be included in the subsequent tranches. The issue price for each subsequent tranche will be determined and announced by the Board separately.
This Announcement is dated 6 May 2019.
| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 06 May 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06052019-00088 |