NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES PESTECH INTERNATIONAL BERHAD (“PESTECH” OR “COMPANY”) DIVIDEND REINVESTMENT PLAN THAT PROVIDES THE SHAREHOLDERS OF PESTECH WITH THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND INTO NEW ORDINARY SHARES OF RM0.25 EACH IN PESTECH (“7TH DRP”)
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
| Description | PESTECH INTERNATIONAL BERHAD (“PESTECH” OR “COMPANY”)
DIVIDEND REINVESTMENT PLAN THAT PROVIDES THE SHAREHOLDERS OF PESTECH WITH THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND INTO NEW ORDINARY SHARES OF RM0.25 EACH IN PESTECH (“7th DRP”) |
(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 28 November 2016, 1 December 2016 and 5 December 2016 in relation to the 7th DRP (“Announcements“))
We refer to the Announcements in relation to the 7th DRP.
On behalf of the Board of Directors of PESTECH (“Board“), Alliance Investment Bank Berhad (“Alliance“) wishes to announce that the issue price for the ordinary shares of RM0.25 each in PESTECH (“New Shares“) to be issued pursuant to the 7th DRP has been fixed today (“Price Fixing Date“) at RM1.42 per Share (“Issue Price“). The Issue Price is computed based on the adjusted volume-weighted average price for the five (5) market days (up to and including 14 December 2016) prior to the Price Fixing Date of approximately RM1.6054 and after deducting the final dividend of RM0.03 per Share and thereafter, applying a discount of approximately 10%.
On behalf of the Board, Alliance also wishes to announce that the Books Closure Date for the final dividend and 7th DRP shall be 30 December 2016. Barring any unforeseen circumstances, the New Shares are expected to be listed on the Main Market of Bursa Malaysia Securities Berhad by 31 January 2017.
This announcement is dated 15 December 2016.