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Wednesday, September 24, 2014

Fitters fixes placement price


PETALING JAYA: Fitters Diversified Bhd has fixed the issue price of its placement shares at RM1.23 each and exercise price for its warrants at RM1 apiece.
This represents a respective discount of approximately 8.21% to the five-day volume weighted average price (VWAP) of Fitters shares, up to and including Sept 22 of RM1.34 per share.
The warrant exercise price represents premium of approximately 3.09% to the theoretical ex-all price of Fitters shares of RM0.97.
In July, Fitters proposed to undertake a corporate exercise including a bonus and warrant issue, and a placement exercise of up to 10% of its shares to third-party investors.

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