NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES HOMERITZ CORPORATION BERHAD ("HCB" OR "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED FREE WARRANTS ISSUE. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| HOMERITZ CORPORATION BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
| Description | HOMERITZ CORPORATION BERHAD ("HCB" OR "COMPANY")
(I) PROPOSED BONUS ISSUE; AND
(II) PROPOSED FREE WARRANTS ISSUE.
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
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For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Company’s announcement in relation to the Proposals dated 5 May 2015.
On behalf of the Board, KAF wishes to announce that the Board had on 22 June 2015 resolved to fix the exercise price of the Warrants to be issued pursuant to the Proposed Free Warrants Issue at RM0.92 (“Exercise Price”) each. The Exercise Price represents the TEBP of HCB Shares of approximately RM0.92, calculated based on the five (5)-day VWAMP of the HCB Shares up to and including 19 June 2015 (being the market day immediately preceding the price-fixing date) of RM1.38. The Warrants will be issued at no cost to the entitled shareholders of the Company.
The Exercise Price was determined by the Board after taking into consideration, amongst others, the following:-
(i) the current par value of HCB Shares;
(ii) the TEBP of HCB Shares based on the five (5)-day VWAMP of HCB Shares on the market day immediately preceding the price-fixing date;
(iii) the historical volatility and share price movement of the HCB Shares; and
(iv) the earnings potential of the HCB Group.
In addition, HCB had on even date executed the Deed Poll constituting the Warrants to be issued pursuant to the Proposed Free Warrants Issue.
This announcement is dated 22 June 2015.
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Announcement Info
| Company Name | HOMERITZ CORPORATION BERHAD |
| Stock Name | HOMERIZ |
| Date Announced | 22 Jun 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22062015-00057 |
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