TrickleStar Limited, a Singapore-based company, has provided a significant update regarding its renounceable non-underwritten rights issue. The company announced a revision in the Record Date for the proposed rights issue, which could have implications for its shareholders and potentially impact share value. Below is a detailed breakdown of the announcement.

Key Highlights of the Announcement

• The company will issue up to 67,426,073 Rights Shares at an issue price of S\$0.015 per Rights Share.
• The rights issue will be conducted on the basis of four (4) Rights Shares for every five (5) Shares held by shareholders as of the Record Date.
• The earlier announcement of a 21 January 2025 Record Date has been rescinded. The new Record Date is now set for 24 January 2025 at 5:00 p.m. Singapore time.
• The change in the Record Date is intended to give the company sufficient time to engage with substantial shareholders regarding their potential participation in the rights issue.

Important Details for Shareholders

Eligibility to Participate

Shareholders categorized as Entitled Depositors or Entitled Scripholders will be eligible to participate in the rights issue. Below are the key eligibility criteria:

• Entitled Depositors: Shareholders whose securities accounts with CDP are credited with shares by 5:00 p.m. Singapore time on 24 January 2025. Those with registered addresses outside Singapore must provide a Singapore address by three Market Days prior to the Record Date.
• Entitled Scripholders: Shareholders whose share certificates are not deposited with CDP but are registered with the company’s Share Registrar. They must submit relevant documents by 5:00 p.m. Singapore time on 24 January 2025.

Special Considerations for SRS Investors

Investors who purchased shares under the Supplementary Retirement Scheme (SRS) must use funds from their SRS accounts to accept their rights shares or apply for excess shares. SRS investors are advised to ensure sufficient funds are available and to provide instructions to their approved banks before the deadlines set by their respective banks.

Foreign Shareholders

For compliance reasons, the rights issue will not be offered to shareholders with registered addresses outside Singapore unless they provide a Singapore address three Market Days prior to the Record Date. Any entitlements that would have otherwise accrued to foreign shareholders may be sold on the SGX-ST, with the net proceeds handled according to the terms outlined in the Offer Information Statement.

Trading Implications

Key trading dates include:

• Shares will trade on a “cum-rights” basis up to 5:00 p.m. Singapore time on 22 January 2025.
• Shares will trade on an “ex-rights” basis starting at 9:00 a.m. Singapore time on 23 January 2025. Purchasers of shares from 23 January 2025 onward will not be eligible for the rights issue.

Potential Impact on Share Price

The announcement introduces potential price sensitivity due to the revised timeline and the terms of the rights issue. Shareholders and potential investors should closely monitor developments as the rights issue may dilute existing holdings, depending on participation levels.

Cautionary Statement

Shareholders are advised to exercise caution when trading their shares. There is no certainty that the rights issue will proceed as planned, and terms may be subject to further changes. The company has committed to providing timely updates on material changes.