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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING STRAITS ENERGY RESOURCES BERHAD ("STRAITS" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF STRAITS ("PROPOSED PRIVATE PLACEMENT")

STRAITS ENERGY RESOURCES BERHAD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF STRAITS ("PROPOSED PRIVATE PLACEMENT")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed Private Placement.

We refer to the earlier announcements dated 20 October 2023, 6 November 2023 and 20 November 2023 in relation to the Proposed Private Placement.

On behalf of the Board, UOBKH wishes to announce that the Board had on 22 November 2023 resolved to fix the issue price for the Proposed Private Placement at RM0.1100 per Placement Share.

The issue price of RM0.1100 per Placement Share represents a discount of approximately 7.49% to the 5-day VWAP of Straits Shares up to and including 21 November 2023, being the last traded day of Straits Shares immediately preceding the price-fixing date, of RM0.1189 per Straits Share.

 

This announcement is dated 22 November 2023.






Announcement Info

Company Name STRAITS ENERGY RESOURCES BERHAD
Stock Name STRAITS
Date Announced 22 Nov 2023
Category General Announcement for PLC
Reference Number GA1-22112023-00028



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