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 RM0.2610 each.
The aforementioned issue price of RM0.2610 per Placement Share represents a discount of approximately RM0.0284 or 9.81% from the five (5)-day weighted average market price of Iconic from 15 December 2021 to 21 December 2021 of approximately RM0.2894 per Share.
This announcement is dated 21 December 2021.