Key Points:
- The Company will issue up to 440,514,000 rights shares at S\$0.009 per share.
- The rights shares will be issued on the basis of 2 rights shares for every 3 existing shares held.
- The Company will also issue up to 704,822,400 free detachable warrants.
- The exercise price of the warrants is S\$0.003 per share.
- The warrants will be issued on the basis of 8 warrants for every 5 rights shares subscribed for.
Important Dates:
- The record date for the Rights Cum Warrants Issue is 14 April 2025.
- The shares will trade on a “cum-rights” basis on the Catalist of the SGX-ST up to 5:00 p.m. (Singapore time) on 10 April 2025.
- The shares will trade on an “ex-rights” basis from 9:00 a.m. (Singapore time) on 11 April 2025.
Eligibility to Participate:
Entitled shareholders (being Entitled Depositors and Entitled Scripholders) will be eligible to participate in the Rights Cum Warrants Issue and will receive a copy of a notification letter containing instructions on how to access the Offer Information Statement.
Foreign Shareholders:
For practical reasons and to avoid any violation of relevant legislation, Rights Shares with Warrants will not be offered to Shareholders with registered addresses outside Singapore. Foreign Shareholders will not be entitled to participate in the Rights Cum Warrants Issue.
What Shareholders Need to Know:
Shareholders should note that the Rights Cum Warrants Issue is subject to certain conditions and there is no certainty or assurance that the issue will be completed or that no changes will be made to the terms thereof. Shareholders and potential investors are advised to exercise caution when dealing or trading in the shares.
The Company’s announcement has been reviewed by its sponsor, ZICO Capital Pte. Ltd., and has not been examined or approved by the Singapore Exchange Securities Trading Limited (“SGX-ST”).
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Shareholders and potential investors should consult their stockbrokers, bank managers, solicitors, accountants, tax advisers or other professional advisers if they have any doubt about the actions they should take.
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