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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XL HOLDINGS BERHAD ("XLH" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF XLH PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("ACT") ("PRIVATE PLACEMENT")

XL HOLDINGS BERHAD

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

PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF XLH PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("ACT") ("PRIVATE PLACEMENT")

We refer to the previous announcements dated 18 December 2023, 26 December 2023, 28 December 2023, 3 January 2024, 1 April 2024, 8 April 2024, 13 May 2024, 20 May 2024 and 21 May 2024 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

 

On behalf of the Board, UOBKH wishes to announce that the Board has resolved to fix the issue price for the third tranche of the Private Placement at RM0.68 per Placement Share.

 

The issue price of RM0.68 per Placement Share represents a discount of RM0.0583 or approximately 7.90% to the 5-day VWAP of XLH Shares up to and including 28 May 2024, being the market day immediately preceding the price-fixing date of RM0.7383 per XLH Share.

 

 

This announcement is dated 29 May 2024.






Announcement Info

Company Name XL HOLDINGS BERHAD
Stock Name XL
Date Announced 29 May 2024
Category General Announcement for PLC
Reference Number GA1-29052024-00040



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