Pertama Digital Aims To Raise RM87.8 Million In Share Placement Exercise

Pertama Digital Berhad has announced plans to place up to 10% of its total number of issued shares to Macquarie Bank Limited.

This Placement Exercise is enabled through the shareholders mandate approved by an overwhelming 99% of Pertama Digital’s shareholders present and voting at an Extraordinary General Meeting (EGM) held on 13 March 2023. 

It will entail the issuance of up to 43 million shares and may be subscribed by Macquarie Bank in multiple tranches pursuant to the terms and conditions of the Subscription Agreement entered into between Pertama Digital and Macquarie Bank at RM48,816,000.00 comprising 433,360,812 shares.

Based on the illustrative subscription price of RM2.041 per share, Pertama Digital expects to raise total gross proceeds of up to RM87.8 million from this Placement Exercise. The proceeds are intended to allow the company to acquire businesses in the digital solutions sector which will complement its current service offerings. 

The principal activity of Macquarie Bank and its subsidiaries is to act as a full-service financial services provider offering a range of commercial banking and retail financial services in Australia and selected financial services offshore. Macquarie Bank has expressed that it does not intend to appoint a board member or to participate in the management or decision-making of Pertama Digital.

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