NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING FLEXIDYNAMIC HOLDINGS BERHAD ("FLEXIDYNAMIC" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 28,467,900 NEW ORDINARY SHARES IN FLEXIDYNAMIC ("FLEXIDYNAMIC SHARES" OR "SHARES"), REPRESENTING APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN FLEXIDYNAMIC PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PRIVATE PLACEMENT")

FLEXIDYNAMIC HOLDINGS BERHAD

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

PRIVATE PLACEMENT OF UP TO 28,467,900 NEW ORDINARY SHARES IN FLEXIDYNAMIC ("FLEXIDYNAMIC SHARES" OR "SHARES"), REPRESENTING APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN FLEXIDYNAMIC PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PRIVATE PLACEMENT")

This announcement is dated 28 February 2024.

Reference is made to the Company’s first announcement dated 2 January 2024 in relation to the Private Placement (“First Announcement”). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the First Announcement.

On behalf of the Board, Malacca Securities is pleased to announce that the Board has fixed the issue price at RM0.145 per Placement Share to be issued pursuant to the Private Placement. The issue price represents a discount of 8.23% or RM0.013 to the 5D-VWAMP of Flexidynamic Shares up to and including 27 February 2024, being the market day immediately preceding the price-fixing date, of RM0.1580 per Flexidynamic Share.



Announcement Info

Company Name FLEXIDYNAMIC HOLDINGS BERHAD
Stock Name FLEXI
Date Announced 28 Feb 2024
Category General Announcement for PLC
Reference Number GA1-26022024-00085