Multiple Proposals

BackApr 08, 2016
Type Announcement
Subject MULTIPLE PROPOSALS
Description

SUNSURIA BERHAD ("SUNSURIA" OR THE COMPANY") PRIVATE PLACEMENT

Reference is made to the announcements dated 28 March 2014, 3 April 2014, 14 April 2014, 17 April 2014, 12 May 2014, 3 October 2014, 3 April 2015 and 23 October 2015 in relation to, inter-alia, the Private Placement (“Announcements”).

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Announcements.

On behalf of the Board of Directors of Sunsuria (“Board”), the Joint Advisers wish to announce that the Board had on 8 April 2016 (“Price Fixing Date”) fixed the issue price for the Private Placement comprising new ordinary shares of RM0.50 each in Sunsuria (“Sunsuria Shares”) to be issued pursuant to the Private Placement (“Placement Share”) at RM0.8350 per Placement Share.

The issue price of RM0.8350 per Placement Share represents a discount of approximately 4.83% to the five (5)-day volume weighted average market price of Sunsuria Shares up to and including 7 April 2016 (being the last market day prior to the Price Fixing Date) of RM0.8774 per Sunsuria Share.

The payment from the placee(s) are expected to be received within five (5) market days from the Price Fixing Date.

 

This announcement is dated 8 April 2016.





Announcement Info

Company Name SUNSURIA BERHAD
Stock Name SUNSURIA
Date Announced 08 Apr 2016
Category General Announcement for PLC
Reference Number GA1-08042016-00041