MICROLINK SOLUTIONS BERHAD
|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
|Description||MICROLINK SOLUTIONS BERHAD (“MICROLINK” OR THE “COMPANY”)
– PROPOSED RESTRICTED ISSUE
Reference is made to the announcements dated 26 June 2020, 28 August 2020 and 1 September 2020 in relation to the Proposed Restricted Issue (â€œAnnouncementsâ€). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
Further to the Announcements, AmInvestment Bank Berhad wishes to announce that the Board had on 12 October 2020 resolved to determine and fix the issue price of the Restricted Shares at a later date after receiving all relevant approvals for the Proposed Restricted Issue, whereby the issue price of the Restricted Shares will be fixed at:-
- a discount of not more than 50% to the 5-day VWAP of Microlink Shares immediately preceding the price-fixing date; or
- RM0.90 per Restricted Share,
whichever is higher (â€œProposed Variationâ€).
Further details of the announcement are set out in the attachment enclosed.
This announcement is dated 12 October 2020.
Please refer to attachment below.