NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES NOTION VTEC BERHAD ("NVB" OR THE "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS
NOTION VTEC BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
Description | NOTION VTEC BERHAD ("NVB" OR THE "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS |
Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Proposed Bonus Issue of Warrants. We refer to the earlier announcements dated 26 February 2024, 13 March 2024, 20 March 2024 and 2 April 2024 in relation to the Proposed Bonus Issue of Warrants. On behalf of the Board, UOBKH wishes to announce that the Board had on 17 April 2024 ("Price-Fixing Date") resolved to fix the exercise price of the Warrants D at RM0.445 per Warrant D ("Exercise Price"). The Exercise Price was determined and fixed by the Board after taking into consideration, amongst others, the following:- i. the historical price movement of NVB Shares; ii. the 5-day VWAP of NVB Shares immediately preceding the Price-Fixing Date and the Board's intention to fix the Exercise Price at a discount range of 10% to 30% to the 5-day VWAP of NVB Shares immediately preceding the Price-Fixing Date; iii. the Warrants D are exercisable at any time for a tenure of 5 years from the date of issuance, which may provide NVB's shareholders with an alternative to participate in the equity of the Company and potentially realise a capital gain in the event of any share price appreciation; and iv. the Warrants D will be issued at no cost. The Exercise Price represents a discount of 10.01% to the 5-day VWAP of NVB Shares immediately preceding the Price-Fixing Date of RM0.4945 per NVB Share. Further, on behalf of the Board, UOBKH wishes to announce that the Board, had on 17 April 2024 executed the deed poll constituting the Warrants D to be issued pursuant to the Bonus Issue of Warrants.
This announcement is dated 17 April 2024. |
Announcement Info
Company Name | NOTION VTEC BERHAD |
Stock Name | NOTION |
Date Announced | 17 Apr 2024 |
Category | General Announcement for PLC |
Reference Number | GA1-17042024-00039 |