|Company Name||MQ TECHNOLOGY BERHAD|
|Date Announced||20 May 2022|
|Category||General Announcement for PLC|
|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 357,455,000 NEW ORDINARY SHARES IN MQ TECH ("MQ TECH SHARES" OR "SHARES") REPRESENTING APPROXIMATELY 40% OF THE TOTAL NUMBER OF ISSUED SHARES OF MQ TECH ("PRIVATE PLACEMENT")
We refer to the announcements made on 31 March 2022, 1 April 2022, 15 April 2022, 21 April 2022, 22 April 2022 and 11 May 2022 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein. On behalf of the Board, Mercury Securities wishes to announce that the Board has on 20 May 2022 fixed the issue price for 357,455,000 Placement Shares, being the first and final tranche of the Private Placement at RM0.036 each (“Issue Price”). The Issue Price represents a discount of RM0.009 or 20.00% to the 5-day volume weighted average market price of MQ Tech Shares up to and including 19 May 2022 of RM0.045 per MQ Tech Share. This announcement is dated 20 May 2022.