NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING NESTCON BERHAD ("NESTCON" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 70,820,000 NEW ORDINARY SHARES IN NESTCON, REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PRIVATE PLACEMENT")

NESTCON BERHAD

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

PRIVATE PLACEMENT OF UP TO 70,820,000 NEW ORDINARY SHARES IN NESTCON, REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PRIVATE PLACEMENT")
 
Unless otherwise defined, the definitions set out in the announcements dated 12 July 2024, 17 July 2024 and 31 July 2024 (“Announcements”) shall apply herein.

On behalf of the Board, M&A Securities is pleased to announce that the Company has on 23 August 2024 fixed the issue price of the first tranche of Placement Shares at RM0.385 per Placement Share to be issued pursuant to the Private Placement (“Price-Fixing Date”).

The aforementioned issue price of RM0.385 per Placement Share represents a discount of approximately RM0.0386 or 9.1% from the 5D-VWAMP of Nestcon Shares from 16 August 2024 to 22 August 2024, being the market day immediately preceding to the Price-Fixing Date of approximately RM0.4236 per Nestcon Share.

This announcement is dated 23 August 2024.



Announcement Info

Company Name NESTCON BERHAD
Stock Name NESTCON
Date Announced 23 Aug 2024
Category General Announcement for PLC
Reference Number GA1-23082024-00036