1 June 2017
("DagangHalal" or "the Company")
Issue of Equity
The Board of DagangHalal, is pleased to announce that the Company has raised £3,099,887 of new equity capital through the issue of 11,697,688 new ordinary shares of 1p each at a price of 26.5p per share. The proceeds will be used for general working capital purposes.
Bull Wealth Limited, a company in which Francis Chong the Managing Director of the Company is beneficially interested, subscribed for 4,374,935 new ordinary shares. Consequently this constitutes a related party transaction under Rule 55 of the NEX Exchange Growth Market - Rules for Issuers. Following this subscription, Francis Chong is beneficially interested in 20,982,265 ordinary shares being 29.9% of the issued share capital of the Company.
The issued share capital of the Company following the issue of the new ordinary shares consists of 70,786,130 ordinary shares of 1p each. The above figure of 70,786,130 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
This announcement contains information which, prior to its disclosure, was inside information for the purposes of Article 7 of EU Regulation 596/2014.
The directors of the Company take responsibility for this announcement.
For further information, please contact:
DagangHalal +60 (0)3 217 11128
Ali Sabri Sani Abdullah, Chief Executive Officer
Cairn Financial Advisers LLP, +44 (0) 20 7213 0880
This information is provided by RNS