General Announcement::LODGEMENT AND DESPATCH OF OIS, DESPATCH OF ADDENDUM TO OIS, AND INDICATIVE TIMETABLE OF KEY EVENTS

Issuer & Securities

Issuer/ Manager
EZION HOLDINGS LIMITED
Securities
EZION HOLDINGS LIMITED - SG1W38939029 - 5ME
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
06-Apr-2018 21:47:02
Status
New
Announcement Sub Title
LODGEMENT AND DESPATCH OF OIS, DESPATCH OF ADDENDUM TO OIS, AND INDICATIVE TIMETABLE OF KEY EVENTS
Announcement Reference
SG180406OTHRD4RV
Submitted By (Co./ Ind. Name)
Paul Goon
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
(A) BONUS ISSUE OF 1,244,306,043 WARRANTS (THE "WARRANTS (2018-SHAREHOLDERS)"), WITH EACH WARRANT (2018-SHAREHOLDERS) CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW ORDINARY SHARE IN THE CAPITAL OF THE COMPANY (THE "WARRANT (2018-SHAREHOLDERS) SHARE") AT THE WARRANTS (2018-SHAREHOLDERS) EXERCISE PRICE PER WARRANT (2018-SHAREHOLDERS) SHARE, ON THE BASIS OF THREE (3) WARRANTS (2018-SHAREHOLDERS) FOR EVERY FIVE (5) EXISTING ORDINARY SHARES IN THE CAPITAL OF THE COMPANY ("SHARES") HELD BY SHAREHOLDERS OF THE COMPANY (THE "BONUS ISSUE");

(B) PLACEMENT OF UP TO 452,500,000 WARRANTS TO SERIES B BONDHOLDERS OR AMENDED SERIES 008 SECURITYHOLDERS WHO EXERCISE THEIR CONVERSION RIGHTS DURING THE EARLY CONVERSION PERIOD, WITH EACH WARRANT (2018-SECURITYHOLDERS) CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW SHARE AT THE EXERCISE PRICE OF S$0.2763 PER WARRANT (2018-SECURITYHOLDERS) SHARE;

(C) PLACEMENT OF UP TO 171,000,000 WARRANTS TO THE SECURED LENDERS, WITH EACH WARRANT (2018-SECURED LENDERS) CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW SHARE AT THE WARRANTS (2018-SECURED LENDERS) EXERCISE PRICE PER WARRANT (2018-SECURED LENDERS) SHARE; AND

(D) PLACEMENT OF UP TO 94,221,498 WARRANTS TO THE UNSECURED LENDERS, WITH EACH WARRANT (2018-UNSECURED LENDERS) CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW SHARE AT THE WARRANTS (2018-UNSECURED LENDERS) EXERCISE PRICE PER WARRANT (2018-UNSECURED LENDERS) SHARE,

LODGEMENT AND DESPATCH OF THE OFFER INFORMATION STATEMENT, DESPATCH OF THE ADDENDUM TO THE OFFER INFORMATION STATEMENT, AND INDICATIVE TIMETABLE OF KEY EVENTS.

Please see attached.

Attachments