COMPANY ANNOUNCEMENTS

Date : 19 February 2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KERJAYA PROSPEK PROPERTY BERHAD ("KPPROP" OR THE "COMPANY") - PRIVATE PLACEMENT

KERJAYA PROSPEK PROPERTY BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
KERJAYA PROSPEK PROPERTY BERHAD ("KPPROP" OR THE "COMPANY")

-	PRIVATE PLACEMENT

We refer to the announcements dated 9 August 2019, 2 October 2019, 15 November 2019, 28 November 2019, 23 December 2019, 30 April 2020 and 9 November 2020 in relation to the Private Placement (Announcements) as well as the Circular dated 29 November 2019 (Circular). Unless otherwise defined, the definitions set out in the previous Announcements and Circular shall apply herein.

 

On behalf of the Board, AmInvestment Bank wishes to announce that the Board has on 19 February 2021 fixed the issue price for 90,000,000 Placement Shares at RM1.13 per Placement Share (First Tranche).

 

The issue price of RM1.13 per Placement Share represents a discount of approximately 9.53% to the 5-days VWAP of KPPROP Shares up to and including 18 February 2021, being the last traded day of KPPROP Shares immediately preceding the price-fixing date, of RM1.2490 per KPPROP Share. 

 

The orderbook was subscribed by by more than 1.9 times of the total number of Placement Shares available for subscription under the First Tranche.

 

For information purposes, the issue price for subsequent tranche(s), if any, will be determined and announced by the Company separately.

 

This announcement is dated 19 February 2021.






Announcement Info

Company Name KERJAYA PROSPEK PROPERTY BERHAD
Stock Name KPPROP
Date Announced 19 Feb 2021
Category General Announcement for PLC
Reference Number GA1-19022021-00047


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