H2G Green Limited Announces Major Warrants Issue: Potential Impact on Share Value

H2G Green Limited has announced a significant financial move with a proposed renounceable non-underwritten rights issue of up to 1,415,284,092 warrants. This announcement could potentially influence the company’s share value, making it crucial for shareholders to stay informed and exercise caution in their dealings.

Key Details of the Warrants Issue

• Each warrant is priced at S\$0.001 and carries the right to subscribe for one new ordinary share in the company at an exercise price of S\$0.004.
• The warrants will be issued on the basis of one warrant for every existing share held, with fractional entitlements disregarded.
• The record date for determining the entitlement of shareholders is set for 18 November 2024, with shares trading on a “cum-rights” basis up to 14 November 2024 and “ex-rights” from 15 November 2024.

Eligibility and Participation Criteria

Entitled Shareholders, comprising both Entitled Depositors and Entitled Scripholders, will receive notifications on how to access the Offer Information Statement (OIS). They can accept, decline, or renounce their provisional allotments and are eligible to apply for additional warrants during the trading period.

Considerations for SRS and CPF Members

Members under the Supplementary Retirement Scheme (SRS) and those who previously purchased shares using their Central Provident Fund Investment Scheme accounts are subject to specific instructions and rules for participating in the warrants issue.

Foreign Shareholders

The warrant issue will not be extended to shareholders whose registered addresses are outside Singapore unless they have provided a Singapore address for service at least three market days before the record date. Any provisional allotments for foreign shareholders will be handled according to the company’s discretion.

Cautionary Statement

The completion of the warrants issue is contingent upon certain conditions, and there is no assurance that it will proceed as planned. Shareholders are advised to exercise caution and consult with professional advisers if in doubt.

Conclusion

This announcement holds the potential to impact H2G Green Limited’s share value significantly. Further updates will be provided by the company as necessary.

Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Shareholders are encouraged to consult with their financial advisors before making investment decisions.