Salt Investments Limited Approves Major Share Issuance: Over 11.7 Billion New Shares to Hit Market After EGM

SINGAPORE – Investors in Salt Investments Limited (SGX: XXXX) should brace for significant changes ahead after the company’s Extraordinary General Meeting (EGM) held on September 29, 2025. The Board of Directors has announced the successful passage of two Ordinary Resolutions that will see the issuance of up to 11.76 billion new shares, a move that could dramatically impact the company’s capital structure and share price.

Key Points From the EGM Results

• Extraordinary General Meeting Date: September 29, 2025
• Resolutions Passed: Two Ordinary Resolutions relating to massive share issues
• Voting Outcome: Both resolutions approved overwhelmingly by shareholders, with 99.998% voting “For” and only 0.002% “Against”
• Scrutineer: CACS Corporate Advisory Pte. Ltd. oversaw the vote-counting process
• Abstentions: Certain shareholders were required or voluntarily abstained from voting, as detailed in the company’s circular

Details of the Share Issuance

1. Ordinary Resolution 1: Issue of Consideration Shares
   • Number of shares involved: 9,461,933,952
   • Purpose: Issuance of new shares as consideration for a corporate transaction (details in company circular)
   • Votes in favor: 9,461,713,952 (99.998%)
   • Votes against: 220,000 (0.002%)
2. Ordinary Resolution 2: Issue and Allotment of Placement Shares
   • Number of shares involved: Up to 2,300,000,000
   • Purpose: Placement to investors to raise additional capital
   • Votes in favor: 9,461,713,952 (99.998%)
   • Votes against: 220,000 (0.002%)

Implications for Shareholders and Investors

• Massive Dilution Ahead: The approval of nearly 11.8 billion new shares (combining both resolutions) could significantly dilute existing shareholders’ stakes.
• Potential Price Impact: Such a large increase in share supply may exert downward pressure on the share price unless accompanied by value-accretive deals or strong investor demand.
• Corporate Actions: The consideration shares are likely linked to a strategic acquisition or partnership, details of which are available in the company’s circular dated September 14, 2025.
• Placement Shares: The placement to investors signals the company’s intention to raise substantial new capital, possibly for expansion, debt repayment, or other corporate purposes.
• Investor Participation: Shareholders who are required or have voluntarily abstained from voting may have interests affected by the resultant changes in ownership or control.
• Regulatory Compliance: The process followed SGX Listing Manual requirements, with independent scrutineers validating the poll results.

What Investors Should Watch Next

• Details of the acquisition or transaction related to the consideration shares
• Pricing, timing, and investor demand for the placement shares
• Potential further announcements from the Board regarding use of proceeds
• Short-term trading volatility and long-term value creation from these corporate actions

Conclusion: The EGM decisions mark a transformational moment for Salt Investments Limited. The sheer scale of the new share issuance is likely to move the share price, and investors should closely monitor subsequent disclosures and market reactions. The next few weeks could be critical in determining whether this bold capital-raising drive translates into sustainable value or significant dilution.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should refer to official company announcements and conduct their own due diligence before making any trading decisions. The author and publisher assume no liability for any losses arising from reliance on the information provided above.

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