| 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 first tranche of the Private Placement comprising 214,800,000 Placement Shares has been completed today, following the listing and quotation of 214,800,000 Placement Shares on the Main Market of Bursa Securities.
For information purposes, the remaining Placement Shares not issued under the First Tranche will be issued in subsequent tranches within six (6) months from 29 April 2019, being the date of Bursa Securities’ approval letter for the listing and quotation of the Placement Shares on the Main Market of Bursa Securities (“Approval Letter”). For the avoidance of doubt, such remaining Placement Shares will include 10% of any new Ekovest Shares which were/will be issued pursuant to the exercise of the outstanding ESOS Options and Warrants subsequent to 3 May 2019, being the last market day prior to the Price-Fixing Date.
This Announcement is dated 16 May 2019.
| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 16 May 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16052019-00054 |