News

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Circular dated 8 March 2021 in relation to the Bonus Issue with Warrants (“Circular”).)

On behalf of the Board, Mercury Securities wishes to announce that the Company has resolved to fix the exercise price of the Warrants at RM1.20 per Warrant (“Exercise Price”).

The Board had fixed the Exercise Price after taking into consideration, amongst others:-

(i)         the 5-day VWAP of the Shares up to and including 12 April 2021, being the last trading day before the price-fixing date (“LTD”);

(ii)         the prevailing market price and volatility in trading of the Shares; and

(iii)        the future prospects of the Company as set out in Section 5.4 of the Circular.

The Exercise Price represents a premium of 19.4% to 5-day VWAP of the Shares up to the LTD of RM1.0049.

This announcement is dated 13 April 2021.