NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MIKRO MSC BERHAD ("MIKRO" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MIKRO ("PROPOSED PRIVATE PLACEMENT")

09 December 2015

 Type  Announcement
Subject  NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
 Description

MIKRO MSC BERHAD ("MIKRO" OR "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MIKRO ("PROPOSED PRIVATE PLACEMENT")

(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as those defined in the announcements dated 1 December 2015, 2 December 2015, 4 December 2015 and 7 December 2015 in relation to the Proposed Private Placement (“Announcements”))

We refer to the Announcements in relation to the Proposed Private Placement.

On behalf of the Board of Directors of Mikro, Alliance Investment Bank Berhad wishes to announce that the Company had on 9 December 2015 (“Price Fixing Date”) fixed the issue price at RM0.355 per Placement Share. The issue price of RM0.355 per Placement Share represents a discount of approximately 9.72% to the five (5)-day volume weighted average market price of Mikro Shares, up to and including 8 December 2015 (being the last market day prior to the Price Fixing Date) of RM0.3932 per Mikro Share.

The payment from the placee(s) are expected to be received within five (5) market days from the Price Fixing Date.

This announcement is dated 9 December 2015.

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