REPL::Placements::Proposed Allotment and Issuance of 65,000,000 New Shares in the Share Capital of the Company

Issuer & Securities

Issuer/ Manager
DATAPULSE TECHNOLOGY LIMITED
Securities
DATAPULSE TECHNOLOGY LIMITED - SG0558000436 - D04
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
11-Jun-2015 17:08:00
Status
Replacement
Announcement Sub Title
Proposed Allotment and Issuance of 65,000,000 New Shares in the Share Capital of the Company
Announcement Reference
SG150608OTHRJ0K7
Submitted By (Co./ Ind. Name)
Lim Jit Siew
Designation
CFO/Company Secretary
Effective Date and Time of the event
11/06/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
Unless otherwise specified herein or where the context otherwise requires, capitalised terms used in this announcement shall have the same meaning as ascribed to them in the announcements made by the Company dated 29 April 2015, 20 May 2015 and 8 June 2015 (the Announcements).

Further to the Announcements, the Board of Directors of the Company (the Board) is pleased to announce that pursuant to the terms of the Subscription Agreement as amended by the Supplemental Letter, the Company has, on 11 June 2015, allotted and issued 65,000,000 Reduced Subscription Shares at the Issue Price to the Subscriber.

Following the allotment and issuance of the Reduced Subscription Shares, the total number of issued ordinary shares of the Company has increased from 594,724,000 ordinary shares to 659,724,000 ordinary shares.

The listing and quotation of the Reduced Subscription Shares on the Official List of the SGX-ST is expected to take place at 9.00 a.m. on 15 June 2015.


BY ORDER OF THE BOARD


Lim Jit Siew
Chief Financial Officer / Company Secretary
11 June 2015

Additional Details

Capital Amount-Old
SGD 25,746,782
Capital Amount-New
SGD 33,049,532
No. of Existing Outstanding Shares
594,724,000
New Shares Issued
65,000,000
Offer Price
SGD 0.11235

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08/06/2015 18:14:51