MULTIPLE PROPOSALS PROPEL GLOBAL BERHAD ("PGB" OR THE "COMPANY") (I) PROPOSED DISPOSAL; (II) PROPOSED CAPITAL REDUCTION; AND (III) PROPOSED PRIVATE PLACEMENT (COLLECTIVELY, THE "PROPOSALS")
| PROPEL GLOBAL BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | PROPEL GLOBAL BERHAD ("PGB" OR THE "COMPANY")
(I) PROPOSED DISPOSAL;
(II) PROPOSED CAPITAL REDUCTION; AND
(III) PROPOSED PRIVATE PLACEMENT
(COLLECTIVELY, THE "PROPOSALS") |
|
Reference is made to the Company’s announcements dated 7 October 2025, 14 October 2025, 19 November 2025, 4 December 2025, 30 December 2025, 31 December 2025 and 21 January 2026 as well as the circular to shareholders dated 5 December 2025 in relation to the Proposals (“Circular”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Circular.
On behalf of the Board, RHB Investment Bank wishes to announce that the Board has on 22 January 2026 fixed the issue price for the 1st tranche of the Proposed Private Placement at RM0.0630 per Placement Share.
The issue price of RM0.0630 per Placement Share represents a discount of RM0.0068 or approximately 9.7% to the 5-day VWAMP of the Shares up to and including 21 January 2026 of RM0.0698 per Share.
This announcement is dated 22 January 2026. |
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Announcement Info
| Company Name | PROPEL GLOBAL BERHAD |
| Stock Name | PGB |
| Date Announced | 22 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22012026-00068 |