PERTAMA DIGITAL ANNOUNCES A PROPOSED PLACEMENT OF SHARES TO ACCELERATE ITS GROWTH PLAN
Macquarie Bank Limited may subscribe for up to 43 million shares in Pertama Digital amounting to estimated gross proceeds of RM87.8 million
PETALING JAYA, 17 MARCH 2023: Pertama Digital Berhad (“Pertama Digital” or “the Company”) announced a proposed placement of up to 10% of Pertama Digital’s total number of issued shares to Macquarie Bank Limited (“Macquarie Bank”) (“Placement Exercise”).
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.
The Placement Exercise entails 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 on 16 March 2023. As of 15 March 2023, Pertama Digital’s issued share capital stood 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 Pertama Digital 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.
“We are grateful for the support provided by Macquarie Bank for this Placement Exercise. The proceeds from this Placement Exercise will allow us to accelerate growth and reach our goals effectively. We intend to leverage this capital injection to further enhance our capabilities and offerings in the market. With a strong focus on innovation and addressing pain-points of the Rakyat, Pertama Digital is committed to delivering exceptional digital solutions”, says Saify Akhtar, Group Chief Executive Officer of Pertama Digital.
