The terms used herein shall have the same meaning as those defined in the announcement made on 21 January 2021 unless otherwise stated.

We refer to the announcements dated 21 January 2021, 27 January 2021 and 3 February 2021 in relation to the Private Placement.

On behalf of the Board, RHB Investment Bank wishes to announce that the Board had on 10 February 2021 (“Price-Fixing Date”) fixed the issue price for the first tranche of the Placement Shares, at RM0.675 per Placement Share (“First Tranche”). The First Tranche will comprise up to 369,846,852 Placement Shares.

The issue price of RM0.675 per Placement Share represents a discount of 9.82% to the 5-day VWAP of AAGB Shares up to and including 9 February 2021, being the market day immediately before the Price-Fixing Date, of RM0.7485 per AAGB Share.

For information purposes, the actual number of Placement Shares to be placed out under the First Tranche will depend on the final acceptance by the identified placees. Any Placement Share not placed out under the First Tranche will be included in the subsequent tranches. The issue price for each subsequent tranche will be determined and announced by the Board separately in due course.

This announcement is dated 10 February 2021.

Announcement Info