Key Highlights of the Subscription

• Completion of Proposed Subscription: Trendlines Group Ltd. has successfully completed the subscription of up to 51,447,751 new ordinary shares at a subscription price of S\$0.0666 per share.
• Increase in Share Capital: Following this transaction, the company’s total issued and paid-up share capital has risen from 1,320,365,802 shares to 1,371,813,553 shares, marking a significant expansion of the share base.
• Placement Shares Status: The newly issued shares are fully paid-up, free from encumbrances, and will rank pari passu with existing shares. They are authorised, validly issued, and listed for trading on the SGX-ST Catalist board.
• Listing Date: The new shares are expected to be listed and quoted on the SGX-ST Catalist on 2 January 2026, effective from 9:00 a.m.

Important Information for Shareholders

• Potential Dilution: The issuance of 51,447,751 new shares represents a notable increase in total share capital, which could result in dilution of existing shareholders’ ownership percentage.
• Price Sensitivity: The subscription price of S\$0.0666 per share could act as a benchmark for the company’s valuation in the near term, and may influence market perceptions and share price movements.
• Liquidity Impact: With a higher number of shares in issue and the shares being listed and tradable, investors can expect increased liquidity in the company’s stock.
• Correction of Clerical Error: The company clarified a previous announcement error regarding the exact number of shares issued to Ms Tan San-Ju. The correct figure is 14,264,264 shares (not 14,264,267), representing an aggregate consideration of S\$950,000. This correction ensures accurate reporting of shareholdings and transparency for investors.

Additional Details

• After completion, all Placement Shares are fully paid-up and free from any encumbrances.
• The shares rank equally with existing shares, ensuring new investors receive the same rights and benefits as current shareholders.
• The announcement was reviewed by the company’s sponsor, PrimePartners Corporate Finance Pte. Ltd., but not examined or approved by the Singapore Exchange.

Investor Considerations

The successful completion of this sizeable subscription is a significant corporate action that could impact Trendlines Group’s share price. Investors should consider the potential dilution, the benchmark subscription price, and the company’s increased liquidity. Corrections to previous announcements further underline the importance of accurate shareholding disclosures.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to conduct their own due diligence and consult with professional advisors before making investment decisions. The information provided is based on company announcements and is subject to change.

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