NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MERCURY INDUSTRIES BERHAD ("MIB" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MIB IN ACCORDANCE WITH A GENERAL MANDATE PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PROPOSED PRIVATE PLACEMENT")
| MERCURY INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | MERCURY INDUSTRIES BERHAD ("MIB" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MIB IN ACCORDANCE WITH A GENERAL MANDATE PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PROPOSED PRIVATE PLACEMENT") |
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This announcement is dated 18 June 2025 (“Announcement”).
We refer to the Company’s announcements dated 23 January 2025, 24 January 2025, 26 February 2025 and 5 March 2025 in relation to the Proposed Private Placement (“Earlier Announcements”).
Unless otherwise stated, all defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.
On behalf of the Board, AmInvestment Bank wishes to announce that the Board had on 18 June 2025 (“Price Fixing Date”) fixed the issue price for 3,752,030 Placement Shares, being the first tranche of the Proposed Private Placement at RM0.725 per Placement Share.
The issue price of RM0.725 per Placement Share represents a discount of approximately 9.84% to the 5-day VWAP of MIB Shares, up to and including 17 June 2025 (being the last market day preceding the Price Fixing Date) of RM0.8041 per MIB Share. |
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Announcement Info
| Company Name | MERCURY INDUSTRIES BERHAD |
| Stock Name | MERCURY |
| Date Announced | 18 Jun 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18062025-00041 |