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We refer to the above and the announcements made on 9 December 2010, 10 December 2010 and 28 December 2010 in respect of the Private Placement.
(Unless otherwise defined, all terms used in this announcement shall have the same meaning ascribed to them in the earlier announcements on the Private Placement)
On behalf of the Board of Directors of XDL (“Board”), AmInvestment Bank Berhad (a member of AmInvestment Bank Group) wishes to announce that the Board has fixed an issue price of RM0.48 per Placement Share for the first tranche of the private placement, comprising 20,000,000 Placement Shares. These Placement Shares are not intended to be placed with the following persons:-
(i) a director, major shareholder or chief executive of XDL or a holding company of XDL (“Interested Person”);
(ii) a person connected with an Interested Person; and
(iii) nominee corporations, unless the name of the ultimate beneficiaries are disclosed.
The issue price represents a premium of approximately 1.0% to the five (5)-day volume weighted average market price of XDL Shares up to and including 11 January 2011 of RM0.4751, being the market day immediately preceding the date of this price-fixing announcement.
This announcement is dated 12 January 2011. |
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