NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING LKL INTERNATIONAL BERHAD ("LKL INTERNATIONAL" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 85,760,000 NEW ORDINARY SHARES IN LKL INTERNATIONAL ("SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF LKL INTERNATIONAL ("PRIVATE PLACEMENT")

LKL INTERNATIONAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
LKL INTERNATIONAL BERHAD ("LKL INTERNATIONAL" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 85,760,000 NEW ORDINARY SHARES IN LKL INTERNATIONAL ("SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF LKL INTERNATIONAL ("PRIVATE PLACEMENT")

(For consistency, the abbreviations and definitions used throughout this announcement shall have the same meaning as defined in the announcement dated 8 March 2021 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements dated 17 July 2020, 18 August 2020, 22 September 2020, 28 September 2020, 13 October 2020, 18 November 2020, 26 November 2020, 27 November 2020, 29 December 2020, 6 January 2021, 7 January 2021, 12 January 2021, 18 January 2021, 19 January 2021, 5 March 2021, 8 March 2021 and 10 March 2021 in relation to, among others, the Private Placement.

The Company had on 12 March 2021 received a subscription notice and the payment for 1,000,000 Subscription Shares from Macquarie Bank. Accordingly, the Company had on 15 March 2021 allotted and issued 1,000,000 Subscription Shares at an issue price of RM0.3840 to Macquarie Bank, which represents a discount of approximately 9.80% to the 5-market day VWAP of the Shares up to and including 11 March 2021, being the last market day immediately preceding the date of the subscription notice, of RM0.4257. The listing date for the 1,000,000 Subscription Shares is expected to be on 16 March 2021.

This announcement is dated 15 March 2021.






Announcement Info

Company Name LKL INTERNATIONAL BERHAD
Stock Name LKL
Date Announced 15 Mar 2021
Category General Announcement for PLC
Reference Number GA1-15032021-00071