Bursa Announcements
New Issue Of Securities (Chapter 6 Of Listing Requirements) : Bonus Issues
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
| Description |
TELADAN SETIA GROUP BERHAD ("TELADAN" OR THE "COMPANY") BONUS ISSUE OF WARRANTS
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(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those defined in the earlier announcements in relation to the Bonus Issue of Warrants)
On behalf of the Board of Teladan, M&A Securities Sdn Bhd wishes to announce that the Board had resolved to fix the exercise price for the Warrants at RM0.50 per Warrant (“Exercise Price”).
The Exercise Price was determined by the Board after taking into consideration, amongst others, the following:
(i) the historical share price movement of Teladan Shares;
(ii) the 5D-VWAMP of Teladan Shares up to and including 30 August 2021 of RM0.6415, being the market day immediately preceding the date of this announcement; and
(iii) the future funding requirements of the Group.
The Exercise Price represent a discount of 22.1% and 17.9% to the 5D-VWAMP of Teladan Shares up to and including 30 August 2021 (being the market day immediately preceding the date of this announcement) of RM0.6415 and the theoretical ex-all price of Teladan Shares of RM0.6088, respectively.
Premised on the above, the Board is of the view that the Exercise Price is fair.
This announcement is dated 1 September 2021.
Announcement Info
| Company Name | TELADAN SETIA GROUP BERHAD |
| Stock Name | TELADAN |
| Date Announced | 01 Sep 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01092021-00105 |