2.1.2 Basis and justification of determining the issue price of the Placement Shares I
The issue price of the Placement Shares I will be determined and fixed by the Board at a later date after receipt of all relevant approvals for the Proposed Private Placement I.
Based on Paragraph 6.04(a) of the Listing Requirements, the Placement Shares I may be issued based on a discount of not more than 10% to the 5-day volume weighted average market price ("VWAP") of AMRB Shares immediately preceding the price-fixing date. For illustrative purposes, the indicative issue price of the Placement Shares I is assumed at RM0.155 per Placement Share I, which represents a discount of approximately 7.19% to the 5-day VWAP of AMRB Shares up to and including the LPD of RM0.167 per AMRB Share.
The Board has undertaken not to issue the Tranche 2 Notes and Tranche 3 Notes and not to offer any further ESOS Options to the Eligible Persons until the completion of the Proposed Private Placement I, is it means the within PP period , the note will not be issue so that leave total share not more than 1.2b, so 30%means roughly 300m plus minus?
Market is over acted to this wuhan virus. As long as US is not crashing, I believe it will be recoverred very fast. So today I bought some alam, vis and frontken. Bet with it!!!!
pp will dilute market price bcoz it will give at discount max 20% which is a lot, another burden on top of existing rcn at 0.09.. there is also esos at .105... all these will eat market price
alam has to post good rpt next qtr otherwise it will continue falling
the announcement of pp + wuhan virus at same time will press the price, will wait it to drop to below .13 to collect and hope next qtr will post better qoq profit.. if not jialat
U.S. West Texas Intermediate fell 2.8%, or $1.45 per barrel, to settle at $50.11 per barrel. Earlier in the session, WTI fell more than 3% to $49.92, its lowest level since Jan. 2019.
International benchmark Brent crude dropped 3.9%, or $2.21, to $54.41 and hit its lowest level since Jan. 3, 2019.
Oil prices keep dropping everyday. As such short term future prospects of O & G sector seem weak. Will wait for price to drop further before going in again.
Banker committed to push up price for 30% pp after crude oil fall 20% from peak . Can crude oil continue rebound with oil cut from OPEC ? A million dollar question mark..
Today it's not only Fancy Alam that has dropped. Basically all her 12 sisters except 1 in O&G has drooped. Even my Best Battleship Serba Dinamik Interceptor also dropped today, So it's a non issues.
If you think long term, all these fluctuations are part of the playing fields..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
陈田丰
80 posts
Posted by 陈田丰 > 2020-01-31 00:01 | Report Abuse
Tmr 0.14