The exercise price of 2 cents represents a discount of around 9.1% to the group’s last traded price of 2.2 cents per share on June 28, which is the last full market day where the shares were traded prior to the release of the announcement on June 30.
The issue price of 0.1 cent and the exercise price of 2 cents collectively represent a discount of approximately 4.5% to the company’s last traded price of 2.2 cents on June 28.
According to the group, the net subscription proceeds will be used to fund the renovation of its new food and beverage (F&B) outlets.
The group owns and operates six F&B brands in Singapore and Indonesia.
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Shares in Katrina Groupclosed at 2.3 cents on Oct 6.
