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On behalf of the Board of WZ Satu, HLIB wishes to announce that the Board has today fixed the following:
(i) the issue price and conversion price of the ICPS at RM0.11 per ICPS;
(ii) the exercise price of the Warrants B at RM0.16 per Warrant B; and
(iii) the entitlement basis for the Rights Issue of ICPS with Warrants at 1 ICPS for every 1 existing Share held on the entitlement date together with 1 Warrant B for every 8 ICPS subscribed for.
The issue price and conversion price of the ICPS was determined and fixed by the Board after taking into consideration, amongst others, the following:
(i) the theoretical ex-right price (“TERP”) of RM0.16 per WZ Satu Share, calculated based on the 5-day VWAMP of WZ Satu Shares of RM0.2125 commencing from 9 March 2021 up to and including 15 March 2021, being the last market day immediately preceding the price-fixing date;
(ii) a discount of 31.25% to the TERP of WZ Satu Shares which is calculated based on the 5-day VWAMP of WZ Satu Shares of RM0.2125 commencing from 9 March 2021 up to and including 15 March 2021, being the last market day immediately preceding the price-fixing date;
(iii) the prevailing market conditions, which includes, amongst others, the market sentiment and volatility of the Malaysian stock market, and the historical market prices of WZ Satu Shares since the first announcement of the Rights Issue of ICPS with Warrants from 18 November 2019 up to today; and
(iv) the overall funding requirements of the Group.
The exercise price of the Warrants B was determined by the Board on the price-fixing date after taking into consideration, amongst others, the following:
(i) the Warrants B will be issued at no cost to the Entitled Shareholders and/or their renouncee(s) who successfully subscribed for the ICPS;
(ii) the TERP of WZ Satu Shares of RM0.16, calculated based on the 5-day VWAMP of WZ Satu Shares of RM0.2125 commencing from 9 March 2021 up to and including 15 March 2021, being the last market day immediately preceding the price-fixing date;
(iii) the prevailing market conditions and the historical trading price of WZ Satu Shares; and
(iv) the overall funding requirements of the Group.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DreamKeeper
1,243 posts
Posted by DreamKeeper > 2021-02-17 02:02 |
Post removed.Why?