WD::Rights::Voluntary

Issuer & Securities

Issuer/ Manager
ANNICA HOLDINGS LIMITED
Security
ANNICA HOLDINGS LIMITED - SG1J70891671 - 5AL

Announcement Details

Announcement Title
Rights Announcement Withdrawn
Date &Time of Broadcast
25-Jun-2015 20:04:15
Status
Withdraw
Corporate Action Reference
SG150413RHDIM974
Submitted By (Co./ Ind. Name)
Edwin Sugiarto
Designation
Chairman and Executive Director
Event Status
Pending Record Date Processing
Underwritten
No
Shareholders' Approval Required?
Yes
Shareholders' Approval Obtained
Yes
Foreign Shareholder Eligibility
No
Attachment for Intent
Annica- Announcement on Rights cum Warrants Issue - LQN.pdf

Event Narrative

Narrative Type
Narrative Text
Additional TextPROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS CUM WARRANTS ISSUE - POSTPONEMENT OF BOOKS CLOSURE DATE
Narrative versionThe board of directors (the "Board") of Annica Holdings Limited (the "Company") refers to the announcements released by the Company on 1 April 2015, 13 April 2015 and 5 May 2015, and the Company's circular to the shareholders of the Company ("Shareholders") dated 15 April 2015 ("Circular") in relation to the Rights cum Warrants Issue. Unless otherwise defined, all terms and references used herein shall bear the same meaning ascribed to them in the Circular.

The Board further refers to the announcement released by the Company on 13 May 2015 regarding the receipt of a notification of default letter in respect of the Design, Detailed Engineering, Supply, Construction, Commissioning and Testing of a Rubber Wood Fired Power Plant Contract between Industrial Power Technology Pte. Ltd., together with its 49%-owned associated company, Industrial Power (Thailand) Co., Ltd, and Songkhla Biomass Company Limited ("SKB Project") on the delay in the completion of the SKB Project ("SKB Matter").

Considering the uncertainty arising from the significance of the SKB Matter, the Board is of the view that it is in the best interest of Shareholders to postpone the Books Closure Date under the Rights cum Warrants Issue to such later date when the Board opines that the SKB Matter has been addressed.

As such, the Board wishes to inform Shareholders that the Register of Members and Share Transfer Books of the Company will no longer be closed at 5.00 p.m. on 15 May 2015 for the purposes of determining the provisional allotments of Rights Shares with Warrants under the Rights cum Warrants Issue.

The Company will continue to keep Shareholders updated and will release announcements relating to the Rights cum Warrants Issue (including any updates to the Books Closure Date) as may be appropriate from time to time.


By Order of the Board
ANNICA HOLDINGS LIMITED


Edwin Sugiarto
Chairman and Executive Director
13 May 2015
DisclaimerThis announcement has been prepared by the Company and its contents have been reviewed by the Company's Continuing Sponsor, Stamford Corporate Services Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Bernard Lui.
Tel: (65) 6389 3000; email: bernard.lui@stamfordlaw.com.sg.

Dates

Rights Details

Rights Security ISIN
SG1J70891671
Rights Security Name
ANNICA HOLDINGS LIMITED
Security Not Found?
No
Renounceable
Yes
Rights Security Distribution Ratio- Underlying
1
Rights Security Distribution Ratio- Rights Security
1

Option Exercise

Issue Price (Per Rights)
SGD 0.003
Disbursed Security
ISIN
Name
Security Type
Distribution Ratio- Rights
Distribution Ratio- Disbursed
SG1J70891671ANNICA HOLDINGS LIMITEDOrdinary Share11

Renounceable Conditions

Allow Over Subscription
Yes

Reason(s) for Withdrawal

Reason(s) for Withdrawal
With reference to the Company's announcement dated 22 June 2015 in relation to the termination of the proposed renounceable non-underwritten rights cum warrants issue (the "Rights cum Warrants Issue"), the Company wishes to withdraw the announcements relating to the Rights cum Warrants Issue from SGXNET.

Attachments

Related Announcements