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FUNd Raising – Rights Issue with Warrants

Thursday, May 6th, 2021
Unless otherwise redefined, the definitions set out in the earlier announcements in relation to the Rights Issue with Warrants shall apply in this announcement. M&A Securities Sdn Bhd on behalf of the Board is pleased to announce that the Board has resolved to fix the issue price for the Rights Shares at RM0.586 per Rights Share, and the exercise price of the Warrants at RM0.586 per Warrant. The issue price of the Rights Shares and the exercise price of the Warrants were determined by the Board after taking into consideration, amongst others, the following: (i)         the historical share price movement of Masteel Shares;(ii)        the 5D-VWAMP of Masteel Shares up to and including 5 May 2021 of RM0.7810, being the market day immediately preceding the date of this announcement; and(iii)       the theoretical ex-all price of Masteel Shares of RM0.6835, calculated based on the 5D-VWAMP of Masteel Shares in (ii). The issue price of the Rights Shares and the exercise price of the Warrants represent a discount of 25.0% and 14.3% to the 5D-VWAMP of Masteel Shares up to and including 5 May 2021 (being the market day immediately preceding the date of this announcement) of RM0.7810 and the theoretical ex-all price of Masteel Shares of RM0.6835, respectively. Premised on the above, the Board is of the view that the issue price of the Rights Shares and the exercise price of the Warrants are fair. This announcement is dated 6 May 2021.

Immediate Announcement of Changes in Treasury Shares

Wednesday, May 5th, 2021
Date of transaction05 May 2021
CurrencyMalaysian Ringgit (MYR)
Type of changesResale
Total number of treasury shares changed (units)910,000
Minimum price paid for each share sold ($$)0.850
Maximum price paid for each share sold ($$)0.895
Total consideration received ($$)792916.33
Total number of treasury shares held after the resale or transfer0
Adjusted issued capital after cancellation (no. of shares) (units)452,739,831

Immediate Announcement of Changes in Treasury Shares

Tuesday, May 4th, 2021
Date of transaction04 May 2021
CurrencyMalaysian Ringgit (MYR)
Type of changesResale
Total number of treasury shares changed (units)312,600
Minimum price paid for each share sold ($$)0.790
Maximum price paid for each share sold ($$)0.840
Total consideration received ($$)249445.85
Total number of treasury shares held after the resale or transfer910,000
Adjusted issued capital after cancellation (no. of shares) (units)452,739,831

Annual Report & CG Report – 2020

Friday, April 30th, 2021
MasteelAR20

Circular/Notice to Shareholders

Friday, April 30th, 2021
Masteel-Share-Buy-Back-Statement

GENERAL MEETINGS: Notice of Meeting

Wednesday, April 28th, 2021
Masteel-Notice-of-49th-AGM-with-Administrative-Guide

Immediate Announcement of Changes in Treasury Shares

Tuesday, April 27th, 2021
Date of transaction27 Apr 2021
CurrencyMalaysian Ringgit (MYR)
Type of changesResale
Total number of treasury shares changed (units)306,000
Minimum price paid for each share sold ($$)0.640
Maximum price paid for each share sold ($$)0.665
Total consideration received ($$)197886.86
Total number of treasury shares held after the resale or transfer1,222,600
Adjusted issued capital after cancellation (no. of shares) (units)452,739,831

Immediate Announcement of Changes in Treasury Shares

Monday, April 26th, 2021
Date of transaction26 Apr 2021
CurrencyMalaysian Ringgit (MYR)
Type of changesResale
Total number of treasury shares changed (units)382,000
Minimum price paid for each share sold ($$)0.635
Maximum price paid for each share sold ($$)0.670
Total consideration received ($$)245560.97
Total number of treasury shares held after the resale or transfer1,528,600
Adjusted issued capital after cancellation (no. of shares) (units)452,739,831

Immediate Announcement of Changes in Treasury Shares

Friday, April 23rd, 2021
Date of transaction23 Apr 2021
CurrencyMalaysian Ringgit (MYR)
Type of changesResale
Total number of treasury shares changed (units)100,000
Minimum price paid for each share sold ($$)0.635
Maximum price paid for each share sold ($$)0.635
Total consideration received ($$)63013.09
Total number of treasury shares held after the resale or transfer1,910,600
Adjusted issued capital after cancellation (no. of shares) (units)452,739,831

Notice of Sale or Cancellation of Treasury Shares

Friday, April 23rd, 2021
Date of shares sold from09 Apr 2021 to 12 Apr 2021
CurrencyMalaysian Ringgit (MYR)
Number of treasury shares sold/transferred/distributed (units)350,000
The minimum price at which the treasury shares were sold ($$)0.636
The maximum price at which the treasury shares were sold ($$)0.650
Total consideration received for the treasury shares sold ($$)222,697.77
The name of the Stock Exchange through which the treasury shares were soldBURSA MALAYSIA SECURITIES BERHAD
Total number of shares still in treasury (units)2,010,600
Number of treasury shares cancelled (units)0
Total issued capital as diminished0
Date of Notice23 Apr 2021
Date lodged with registrar of companies23 Apr 2021
Lodged byBOARDROOM CORPORATE SERVICES SDN BHD
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