Placements::PLACEMENT OF 517,000,000 NEW WARRANTS

Issuer & Securities

Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
26-Mar-2020 14:14:46
Status
New
Announcement Sub Title
PLACEMENT OF 517,000,000 NEW WARRANTS
Announcement Reference
SG200326OTHRNF3K
Submitted By (Co./ Ind. Name)
DR COLIN CHAN KUM LOK
Designation
CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)
1. PLACEMENT OF 490,000,000 NEW WARRANTS EXERCISABLE INTO 490,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT AN EXERCISE PRICE OF S$0.0205 PER NEW WARRANT TO RAIN ASIA PACIFIC PTE. LTD.

2. PLACEMENT OF 27,000,000 NEW WARRANTS EXERCISABLE INTO 27,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT AN EXERCISE PRICE OF S$0.0205 PER NEW WARRANT TO PAUL C BURKE

Please refer to the attachment for details

Additional Details

Capital Amount-Old
SGD 97,254,648
Capital Amount-New
SGD 107,853,148
No. of Existing Outstanding Shares
1,870,441,084
New Shares Issued
517,000,000
Offer Price
SGD 0.0205

Attachments

AVT-Issue_of_Warrants_Rain_Asia_and_Paul_C_Burke_Announcement_260320.pdf
Total size =222K