Equity Listing - Ordinary Shares::Allotment and Issuance of New Shares Pursuant to Exercise of Warrants

Issuer & Securities

Issuer/Manager
OLS ENTERPRISE LTD.
Security Not Found
No
Security Name
OLS ENTERPRISE LTD.
Security Short Name
OLS
ISIN
SG1AA8000008
Stock Code
ADJ
Market to be Listed
CATALIST

Announcement Details

Announcement Title
Equity Listing - Ordinary Shares
Date &Time of Broadcast
29-Aug-2017 17:52:47
Status
New
Announcement Sub Title
Allotment and Issuance of New Shares Pursuant to Exercise of Warrants
Announcement Reference
SG170829OTHRLO32
Submitted By (Co./Ind. Name)
Koo Ah Seang
Designation
Executive Chairman
Description(Please provide a detailed description of the announcement in the box below)
The board of directors ("Board") of OLS Enterprise Ltd. ("Company") wishes to announce that the number of issued ordinary shares of the Company has increased from 2,458,344,535 ordinary shares to 2,458,459,915 ordinary shares by way of allotment and issuance of 115,380 new ordinary shares pursuant to the exercise of 115,380 warrants at the exercise price of S$0.009 each, on 24 August 2017.

These new shares which rank pari passu in all respects with the existing shares of the Company have been listed and quoted on the Singapore Exchange Securities Trading Limited ("SGX-ST") on 29 August 2017.

Following the aforesaid exercise of warrants, there was a further exercise of 3,075 warrants at the exercise price of S$0.009 each on 25 August 2017, of which the Company will make a separate announcement on.

The outstanding 821,527,639 warrants each with an exercise price of S$0.009 have expired on 25 August 2017.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Provenance Capital Pte. Ltd. ("Sponsor"), for compliance with 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 accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Wong Bee Eng, Chief Executive Officer, at 96 Robinson Road, #13-01, SIF Building, Singapore 068899.

Telephone: (65) 6227 1580
Email: wongbe@provenancecapital.com

Listing Details

Form of Issue
Registered
Primary Listing
Yes
Country of Primary Listing
Singapore
Issue Date
24/08/2017
Listing Date
29/08/2017 09:00:00
Issue Currency
Singapore Dollar
Trading Currency
Singapore Dollar
Asset Class
Ordinary Shares
Original Shares Issued
2,458,344,535
Original Paid up Capital
SGD 16,426,000

Agent Details

Registrar
B.A.C.S. Private Limited