chairman Datuk Seri Nazir Razak at 95 sen a share.
It said on Friday the 19 million new shares represented about 5.23% and 3.61% of the issued shares under the minimum scenario of 363.20 million shares and maximum scenario of 526.05 million shares. The total cash consideration for the 19 million new shares will be RM18.05mil.
PLS said Nazir is the chairman and founding partner of Ikhlas Capital Singapore Pte Ltd, a private equity firm based in Singapore and has a presence in Malaysia, Jakarta and Manila.
PLS had also proposed to place up to 33.60 million new shares, or up to 6.39% of the issued shares to third party investors at a later date and at an issue price to be determined.