Type Announcement Subject MULTIPLE PROPOSALS Description BSL CORPORATION BERHAD ("BSLCORP" OR THE "COMPANY")
(I) SHARE SPLIT; (II) PRIVATE PLACEMENT; (III) BONUS ISSUE OF WARRANTS; AND (IV) ESOS
(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES") (For consistency, the abbreviations used throughout this announcement shall have the same meanings as those defined in the announcement dated 3 September 2021, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements in relation to the Corporate Exercises dated 3 September 2021, 1 October 2021, 7 October 2021, 22 October 2021, 27 October 2021, 8 November 2021, 9 November 2021, 16 November 2021, 17 November 2021, 23 November 2021 and 1 March 2022.
On behalf of the Board, Mercury Securities wishes to announce that the Board had on 7 March 2022 (?Price-fixing Date?) fixed the issue price for the second tranche of the Private Placement at RM0.2119 per Placement Share (?Issue Price?).
The Issue Price represents a discount of approximately 19.98% to the 5-day VWAP of the Shares up to and including 4 March 2022 of RM0.2648, being the last market day immediately preceding the Price-fixing Date.
The Company had obtained the approval from its shareholders at its 15 th Annual General Meeting (“AGM”) convened on 18 May 2021, whereby pursuant to Sections 75 and 76 of the Act, the Board had been authorised to allot and issue new Benalec Shares provided that the aggregate number of new Benalec Shares to be issued does not exceed 20%* of the total number of issued Shares at the time of the issue (excluding treasury shares) (“20% General Mandate”)
He was FM for so many years and CEO of PNB. He should know that must attract more FM to invest in only can move up the share price. How he implement his action plan & strategy are very important. His strategy => https://www.youtube.com/watch?v=URNUF_tweus&t=3s
Commentary on the prospects Palm oil prices have been trading above the RM4,000 per MT in recent weeks boosted by stronger soybean oil prices and concerns about weak CPO production. Barring unforeseen circumstances, the Group is optimistic of achieving a satisfactory performance for 2021. The Board remains optimistic on the long term prospect of the palm oil industry. Global population and per capita income growth as well as the many health qualities of palm oil are expected to drive greater demand for palm products. This augurs well for the Group as palm products segment which accounts for approximately 88% of the revenue for the Group will remain the core contributor to the Group profit.