Published:
Ramba Energy issues 37.5m new shares at $0.40 each
It will make 10.9% of the company’s share capital.
Mainboard-listed Ramba Energy yesterday revealed that it will allot and issue 37,500,000 new ordinary shares at a placement price of $0.40 per share.
The placement price of $0.40 per share represents a discount of 8.8% to the volume-weighted average price of S$0.4387 for each share for trades done on the company’s shares on the SGX-ST for the full market day on 17 October 2014.
The total Placement Shares will represent approximately 10.9% of the issued and paid-up share capital of Ramba Energy of 344,947,592 ordinary shares, excluding treasury shares, in the company’s capital.
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