H2G Green Limited’s Ambitious Rights Issue: Key Details and Potential Impact on Shareholders

H2G Green Limited has announced a renounceable non-underwritten rights issue of up to 1,415,284,092 warrants, marking a significant strategic move for the company. This development comes after several announcements and a circular in the past few months, signaling an important phase in the company’s growth trajectory.

Key Points to Note

The Offer Information Statement related to this rights issue was lodged with the Singapore Exchange Securities Trading Limited (SGX-ST) on 20 November 2024. Notably, physical copies will not be dispatched; instead, the document is accessible online via the company’s corporate website and on the SGXNet announcement page. This approach underscores the company’s commitment to digital transformation and efficient shareholder communication.

What Shareholders Need to Know

Entitled shareholders will receive a notification letter and other relevant documents around 21 November 2024. These documents will provide instructions on accessing the electronic version of the Offer Information Statement. Shareholders who do not receive these documents are advised to contact The Central Depository (Pte) Limited (CDP) or the Share Registrar, B.A.C.S. Private Limited, for assistance.

Restrictions and Eligibility

It is crucial for foreign shareholders to note that they are not entitled to participate in the rights issue due to jurisdictional regulations. Additionally, CPFIS Investors cannot use CPF funds for the purchase of Nil-Paid Rights or Warrants traded on the SGX-ST. These stipulations could potentially affect the shareholding structure and market dynamics of H2G Green Limited.

Important Dates

• Last day shares trade cum-rights: 14 November 2024
• Shares trade ex-rights: 15 November 2024
• Record date: 18 November 2024
• Trading period for Nil-Paid Rights: 21 November to 29 November 2024
• Last date for acceptance and payment for Warrants: 5 December 2024
• Expected listing date for Warrants: 16 December 2024

Potential Impact on Share Price

This rights issue could significantly influence H2G Green Limited’s share price due to the large volume of warrants being offered. The market’s perception of this move, coupled with shareholder responses, could lead to increased volatility. Investors are advised to monitor further announcements from the company regarding the listing and trading of these warrants.

Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Investors should perform their own research and consult with a financial advisor before making investment decisions.