(Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in our announcement dated 27 February 2017 in relation to the Private Placement)
Reference is made to the announcements dated 27 February 2017, 17 March 2017, 24 March 2017, 25 August 2017, 7 September 2017, 8 September 2017, 18 September 2017, 9 March 2018, 13 March 2018, 4 September 2018 and 30 October 2018 in relation to the Private Placement.
On behalf of the Board of Directors of Encorp, MIDF Amanah Investment Bank Berhad is pleased to announce that the Company has fixed the issue price for the 2nd and final tranche of the Private Placement at RM0.350 per Placement Share to be issued pursuant to the Private Placement.
The abovementioned issue price of RM0.350 per Placement Share represents a discount of approximately RM0.017 or 4.63% to the five (5)-day volume weighted average market price of Encorp Shares up to and including 15 March 2019, being the market day immediately preceding to the price fixing date, of RM0.367.