Reference is made to the announcement on 18 January 2012, 26 January 2012, 31 January 2012 and 10 February 2012 in relation to the Proposals (“Announcements”). For consistency, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.
On behalf of XDL, AmInvestment Bank Berhad is pleased to announce that the Board has fixed an issue price of RM0.40 per Placement Share for the first tranche of the private placement, comprising 39,000,000 Placement Shares. These Placement Shares are not intended to be placed with the following persons:-
(i) a director, major shareholder, chief executive or a holding company of XDL (“Interested Person”);
(ii) a person connected with an Interested Person; and
(iii) nominee corporations, unless the names of the ultimate beneficiaries are disclosed.
The issue price represents a premium of approximately 7.01% to the five (5)-day volume weighted average market price of XDL Shares up to and including 13 February 2012 of RM0.3738, being the market day immediately preceding the date of this price-fixing announcement.
This announcement is dated 14 February 2012.