We refer to our announcements dated 25 March 2015, 8 May 2015 and 16 June in relation to the Proposed Private Placement (“Announcements”) and the circular dated 25 June 2015 (“Circular”).
All definitions used herein shall have the same meanings as the words and expressions defined in the Announcements and Circular, except where the context otherwise requires or where otherwise defined herein.
On behalf of the Board of Directors of ManagePay, Kenanga IB wishes to announce that the Company has received undertakings from independent third (3rd) party investors to subscribe for the Placement Shares at an issue price of RM0.23 per Placement Share (“Placees”) as set out in the table below:
Placees |
|
Placement Shares undertaken |
ConnectIoT Sdn Bhd |
|
13,800,000 |
RedGiant Analytics Asia Sdn Bhd |
|
26,466,800 |
Yau Ah Lan @ Fara Yvonne (Datuk Yvonne Chia) |
|
20,000,000 |
Andrew Chia Wei Jun |
|
12,000,000 |
Chu Hong Keong |
|
8,000,000 |
Chin Chee Thoy |
|
20,000,000 |
Tan Sri Kuan Peng Ching @ Kuan Peng Soon |
|
5,000,000 |
Soon Kian Heng |
|
15,548,700 |
|
|
120,815,500 |
The Proposed Private Placement is conditional upon the approval being obtained from the shareholders of the Company at the forthcoming EGM.In the event of an increase in the Company’s issued and paid up share capital pursuant to the exercise of any Warrants prior to the implementation of the Proposed Private Placement, the additional Placement Shares may be placed out to the Placees or other independent third (3rd) party investors to be identified.
This announcement is dated 2 July 2015. |
