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In 30 July de Announcement : ize of placement
The Proposed Private Placement involves the issuance of up to approximately 30% of
the total number of issued Shares, at an issue price to be determined later.
As at the LPD, the Company has an issued share capital comprising 2,711
2.5 Basis and justification of the issue price of the Placement Shares
The Placement Shares will be issued based on a discount of not more than 10% to the 5-day VWAP of Lambo Shares immediately preceding the price-fixing date, to be determined by the Board after taking into consideration prevailing market conditions.
As the Proposed Private Placement may be implemented in several tranches within 6 months, there could potentially be several price-fixing dates and issue prices.
2
2
For illustrative purposes only, based on an illustrative issue price of RM0.0182 per Placement Share, the issue price of the Placement Shares would represent a discount of approximately 9.90% to the 5-day VWAP of Lambo Shares up to and including the LPD of RM0.0202 (Source: Bloomberg).