Key Highlights

• Share Consolidation: Annica Holdings Limited will consolidate every 150 existing ordinary shares into 1 new consolidated ordinary share.
• Rights Issue: Following the consolidation, the company will launch a renounceable non-underwritten rights issue on the basis of 6 rights shares for every 5 consolidated shares held by entitled shareholders as at a record date to be determined. Fractional entitlements will be disregarded.
• SGX Approval: The Singapore Exchange (SGX-ST) has issued a Listing and Quotation Notice (LQN) for up to 140,381,026 consolidated shares and up to 168,457,231 rights shares on the Catalist board, subject to compliance with listing requirements.
• Dissemination of Offer Information Statement: The company will provide further details to shareholders regarding the rights issue in due course.

Details and Implications for Shareholders

Annica Holdings Limited is undertaking a significant capital restructuring involving a 150-to-1 share consolidation. For every 150 shares currently held, shareholders will receive 1 new consolidated share. This move is often undertaken to improve the market perception of a company’s share price, reduce volatility, and potentially attract new institutional investors who may be restricted from buying penny stocks.

Following the consolidation, the company will proceed with a rights issue. Shareholders will be entitled to subscribe for 6 new rights shares for every 5 consolidated shares held as of the as-yet-unspecified record date. The rights issue is renounceable and non-underwritten, meaning shareholders can sell their rights if they do not wish to subscribe, but there is no guarantee that unsubscribed rights will be taken up by underwriters.

Potential Price-Sensitive Factors

• Share Price Adjustment: The share consolidation will drastically reduce the number of shares in issue and, all else equal, increase the market price per share. However, market dynamics post-consolidation can be unpredictable.
• Dilution Risk: The rights issue will increase the number of shares in circulation post-consolidation, potentially diluting existing shareholders if they do not participate in the rights issue.
• Uncertainty: The completion of both the share consolidation and the rights issue is not guaranteed. Both are subject to certain conditions, and the company has cautioned that there is no assurance of completion or that terms will remain unchanged.
• No Indication of Merits: The LQN from SGX-ST should not be taken as an endorsement of the company’s plans or prospects.
• Upcoming Offer Information Statement: The company will release further details on the rights issue, including its purpose and terms, which could further impact share valuation and investor decisions.

Advice to Shareholders

The company urges shareholders and potential investors to exercise caution when dealing in Annica Holdings’ shares. They are advised to review the Circular and all subsequent announcements carefully. Those uncertain about their actions should consult their financial, tax, or professional advisors immediately.

The company will make further announcements as more information, including the Offer Information Statement, becomes available.

Disclaimer: This article is based on official announcements by Annica Holdings Limited as of 5 May 2026. It does not constitute investment advice. Investors are encouraged to conduct their own due diligence and consult professional advisors before making investment decisions. The Singapore Exchange (SGX-ST) has not reviewed or approved the content herein and assumes no responsibility for its accuracy.

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