Bursa Announcements

Date: 16 April 2015

OTHERS SENTORIA GROUP BERHAD PLACEMENT OF SHARES BY MAJOR SHAREHOLDER

 

Type Announcement
Subject OTHERS
Description SENTORIA GROUP BERHAD
PLACEMENT OF SHARES BY MAJOR SHAREHOLDER

Sentoria Group Berhad ("SGB") wishes to announce that its Joint Managing Directors who deemed interest by virtue of interest in Sentoria Capital Sdn. Bhd. ("SCSB") pursuant to Section 6A of the Companies Act, 1965 , SCSB has notified SGB that it has placed out a total of 10,000,000 ordinary shares of RM0.20 each in SGB ("placement shares") to an institutional investor on 13 April 2015. These shares representing approximately 2.20% of the current total paid-up share capital of SGB.

Following the placement of the placement shares, SCSB is committed to convert 10,000,000 warrants into ordinary shares in SGB within the next few days.

Upon conversion, the 10,000,000 ordinary shares represent approximately 2.15% of the enlarged total paid-up share capital of SGB. And the total interest of SCSB will be 277,778,000 ordinary shares or equal to 59.85% of the enlarged total paid-up share capital of SGB.

The purpose of the placement is to improve SGB's public shareholding spread and share market liquidity. The proceeds from the conversion of warrants will be utilised as working capital of SGB.

This announcement is dated 16 April 2015.

 


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