MULTIPLE PROPOSALS NOVA MSC BERHAD (“NOVAMSC” OR THE “COMPANY”) (I) PROPOSED PRIVATE PLACEMENT OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF NOVAMSC; AND (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF NOVAMSC (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

HomeAnnouncements MULTIPLE PROPOSALS NOVA MSC BERHAD (“NOVAMSC” OR THE “COMPANY”) (I) PROPOSED PRIVATE PLACEMENT OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF NOVAMSC; AND (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF NOVAMSC (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Posted on November 2014 By Nova Hub No comments yet

NOVA MSC BERHAD
21 Nov 2014

Type Announcement
Subject MULTIPLE PROPOSALS
Description NOVA MSC BERHAD (“NOVAMSC” OR THE “COMPANY”)

(I) PROPOSED PRIVATE PLACEMENT OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF NOVAMSC; AND

(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF NOVAMSC

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the announcement dated 22 August 2014.

Reference is made to the announcements dated 22 August 2014, 26 August 2014, 5 September 2014 and 15 September 2014 in relation to the Proposals.

On behalf of the Board, RHBIB is pleased to announce that the Board had on 21 November 2014 (“Price-Fixing Date”), fixed the issue price at RM0.138 per Placement Share. The issue price of RM0.138 per Placement Share represents a discount of approximately 9.92% to the five (5)-day VWAP of NOVAMSC Shares, up to and including 20 November 2014, being the date preceding this announcement, of RM0.1532 per NOVAMSC Share.

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

This announcement is dated 21 November 2014.

Comments are closed.