Annica Holdings Withdraws Proposed Rights Issue: Comprehensive Investor Update

Key Points

• Withdrawal of Proposed Rights Issue: Annica Holdings Limited has officially withdrawn its previously announced non-renounceable, non-underwritten rights issue, which was first disclosed on 31 December 2025.
• SGX RegCo Intervention: The decision comes after queries and feedback from Singapore Exchange Regulation Pte. Ltd. (SGX RegCo). Annica Holdings consulted with SGX RegCo through its Sponsor before reaching this conclusion.
• Revision of Rights Issue Terms: The company has stated it will revise the terms of the rights issue. A separate announcement detailing the revised rights issue exercise will be released.
• Investor Caution Advised: Shareholders and potential investors are specifically advised to exercise caution when trading in the company’s securities, pending further clarification on the revised terms.

Details Investors Must Know

• Price-Sensitive Developments: The withdrawal and revision of the rights issue could significantly affect Annica Holdings’ share price. Rights issues often impact shareholder value, dilution, and market sentiment—thus, these changes are material and potentially price-sensitive.
• Further Announcements Expected: Investors should expect a new announcement from the company outlining the revised rights issue exercise. Until these details are provided, uncertainty regarding the capital raising plan may affect share valuation and trading volumes.
• Consultation Advice: Annica Holdings has urged shareholders and investors who are unsure to consult financial advisers, including stockbrokers, bank managers, solicitors, accountants, or other professionals, before making any investment decisions.
• SGX-ST Disclaimer: The announcement has been reviewed by ZICO Capital Pte. Ltd., the company’s sponsor, but not by SGX-ST itself. SGX-ST assumes no responsibility for the content of the announcement.

Potential Impact on Share Price

The withdrawal and pending revision of the rights issue exercise introduces significant uncertainty. Rights issues typically affect a company’s capital structure and can dilute existing shareholders, so any change in the terms or withdrawal is directly relevant to share price movements. Investors should be aware that until the revised rights issue is announced, the market may react to this uncertainty. This is a newsworthy development and may result in volatility in Annica Holdings’ share price.

Contact Details

For further information, shareholders may contact the Sponsor:
Ms Goh Mei Xian, ZICO Capital Pte. Ltd.
77 Robinson Road, #06-03 Robinson 77, Singapore 068896
Telephone: (65) 6636 4201

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial professionals before making investment decisions. The information is based on company disclosures and may be subject to change.

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