Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcements in relation to the Private Placement.
On behalf of the Board, M&A Securities wishes to announce that the Company has fixed the issue price of the Placement Shares at RM0.30 each.
The aforementioned issue price of RM0.30 per Placement Share represents a discount of approximately RM0.031 or 9.37% from the five (5)-day weighted average market price of Iconic from 6 December 2021 to 10 December 2021 of approximately RM0.3310 per Share.
This announcement is dated 10 December 2021.