H2G Green Limited Announces Major Non-Underwritten Rights Issue – Potential Impact on Share Price
H2G Green Limited Announces Major Non-Underwritten Rights Issue – Potential Impact on Share Price
H2G Green Limited has disclosed a substantial renounceable non-underwritten rights issue involving up to 1,415,284,092 warrants. This financial maneuver is poised to impact shareholders significantly, with each warrant priced at S\$0.001 and carrying the right to subscribe for a new share at S\$0.004. The announcement, initially made on September 4, 2024, was recently updated with a listing and quotation notice (LQN) from the Singapore Exchange Securities Trading Limited (SGX-ST).
Key Points in the Report
- H2G Green Limited has proposed a renounceable non-underwritten rights issue of up to 1,415,284,092 warrants.
- Each warrant is priced at S\$0.001 and can be exercised to subscribe for one new share at S\$0.004.
- The SGX-ST has provided a listing and quotation notice for the issuance of these warrants and the new shares upon their exercise.
- Shareholders’ approval is required for the proposed rights issue at an upcoming Extraordinary General Meeting (EGM).
Important Information for Shareholders
Shareholders should be aware that the proposed rights issue is contingent upon several conditions:
- Compliance with SGX-ST’s listing requirements.
- Approval from shareholders at the EGM.
- Submission of confirmation that the required spread in the warrants is met, in accordance with Rule 826 of the Catalist Rules.
There is no certainty or assurance that the rights issue will be completed or that the terms will remain unchanged. Shareholders are advised to exercise caution and consult with their professional advisors before making any investment decisions.
Further Announcements
The company plans to issue a circular to shareholders containing detailed information on the proposed rights issue and the notice of EGM. This will be made available in due course. Additional announcements will be made as necessary.
Cautionary Statement
The directors advise shareholders to be cautious and to read all related announcements carefully. Any decision regarding dealings in shares should be made with professional advice.
By Order of the Board
Lim Shao-Lin
Executive Director, CEO
12 October 2024
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Shareholders are advised to seek professional consultation before making any investment decisions.
