NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING

Company Name GENETEC TECHNOLOGY BERHAD
Stock Name GENETEC
Date Announced 31 Jan 2023
Category General Announcement for PLC
Reference Number GA1-31012023-00024

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

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN GENETEC ("SHARES") TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED AT A LATER DATE, REPRESENTING UP TO 10.0% OF THE COMPANYS ENLARGED TOTAL NUMBER OF ISSUED SHARES (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

We refer to the Company’s announcements dated 12 January 2023, 13 January 2023, 30 January 2023 and 31 January 2023 respectively 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, CIMB wishes to announce that the book-building exercise in relation to the Private Placement has been completed.

 

The Company will be issuing 68,196,180 Placement Shares, representing 10% of the total number of issued shares of Genetec.

 

The Company has fixed the issue price of RM2.61 per Placement Share (“Issue Price”). The Issue Price represents a discount of approximately 2.69% to the 5-day VWAP of Genetec Shares up to and including 30 January 2023, being the last market day immediately preceding the price-fixing date, of RM2.6821 per Genetec Share. The total gross proceeds to be raised from the Private Placement is RM177.99 million.

 

This announcement is dated 31 January 2023.



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