Tritech Group Limited Announces Completion of Debt Conversion

Key Points of the Announcement

• Completion of Debt Conversion: Tritech Group Limited has completed the conversion of outstanding debts into new ordinary shares, as previously announced throughout January 2026.
• Share Issuance: The company has issued and allotted an aggregate of 466,196,244 Debt Conversion Shares to its respective lenders. This action is in accordance with the terms laid out in the Debt Conversion Deeds.
• Increase in Share Capital: Following the conversion, the total number of issued shares (excluding treasury shares) has increased substantially, from 1,416,534,398 shares to 1,882,730,642 shares.
• Rights of Debt Conversion Shares: These new shares rank pari passu and carry all rights similar to the existing shares, except that they will not participate in dividends, rights, allotments, or other distributions whose record date falls on or before the date of their allotment and issue.
• Listing Date: The Debt Conversion Shares are expected to be listed and quoted on the Catalist of the SGX-ST on or around 25 February 2026.

Important Information for Shareholders

• Potential Dilution: The issuance of a large number of new shares (an increase of over 32%) means that existing shareholders may experience dilution of their ownership percentage. This is a material event which can affect share value and voting power.
• Price Sensitivity: The conversion of debt to equity removes financial liabilities from the company’s balance sheet, which may improve its financial health. However, the dilution and the entry of new shareholders (lenders) could also impact the market price of the shares.
• No Immediate Dividend Entitlement: The new Debt Conversion Shares will not be entitled to dividends or other distributions declared before their allotment date. Existing shareholders may wish to review how this affects dividend policies and future distributions.
• SGX-ST Approval: The announcement clarifies that it has not been reviewed or approved by SGX-ST, and SGX-ST does not take responsibility for its contents. This is standard but should be noted for regulatory context.
• Listing Sponsor: UOB Kay Hian Private Limited is the sponsor for this listing, with Mr. Lance Tan as the contact person for related queries.

Investor Implications

The completion of the debt conversion is a significant event for Tritech Group Limited. By converting its debts into equity, the company has reduced its financial liabilities, potentially strengthening its balance sheet and improving its financial stability. However, the substantial increase in the number of shares outstanding will dilute existing shareholders’ equity, which may impact the value of their holdings and the company’s share price in the short term.

Investors should monitor the listing of these new shares and assess how the change in share structure and financial position may affect the company’s future prospects, dividend policies, and market valuation.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult financial advisors before making any investment decisions regarding Tritech Group Limited. The content herein is based on official company announcements and may be subject to further updates and clarifications.

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