WD::Rights::Voluntary

Issuer & Securities

Issuer/ Manager
FIRST SPONSOR GROUP LIMITED
Security
FIRST SPONSOR GROUP LIMITED - KYG3488W1078 - ADN

Announcement Details

Announcement Title
Rights Announcement Withdrawn
Date &Time of Broadcast
25-Mar-2019 23:35:52
Status
Withdraw
Corporate Action Reference
SG190214RHDIFFQW
Submitted By (Co./ Ind. Name)
Neo Teck Pheng
Designation
Group Chief Executive Officer and Executive Director
Event Status
Rejected
Underwritten
No
Shareholders' Approval Required?
No
Shareholders' Approval Obtained
No
Financial Year End
31/12/2019
Foreign Shareholder Eligibility
No
Attachment for Intent
FSGL_-_Rights_and_Bonus_Issue_-_Launch_Announcement.PDF

Event Narrative

Narrative Type
Narrative Text
Additional TextPROPOSED RENOUNCEABLE AND NON-UNDERWRITTEN RIGHTS ISSUE OF SERIES 2 PERPETUAL CONVERTIBLE CAPITAL SECURITIES WITH FREE DETACHABLE WARRANTS EXERCISABLE INTO SERIES 2 PERPETUAL CONVERTIBLE CAPITAL SECURITIES.
Additional TextPlease see attached for more information.

Dates

Rights Details

Security Not Found?
No
Renounceable
Yes
Rights Security Distribution Ratio- Underlying
7
Rights Security Distribution Ratio- Rights Security
1

Option Exercise

Issue Price (Per Rights)
SGD 1.3

Renounceable Conditions

Allow Over Subscription
Yes

Reason(s) for Withdrawal

Reason(s) for Withdrawal
Please refer to the 18 March 2019 announcement for more information.
Taking into account regulatory feedback received for the classification of the warrants proposed to be issued under the Initial Proposed Exercises and its suitability for distribution in a retail offering, the Company has withdrawn its submitted ALA.

Attachments

Related Announcements

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14/02/2019 07:24:03