Placements::RECEIPT OF APPROVAL IN-PRINCIPLE

Issuer & Securities

Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
17-Sep-2020 23:35:28
Status
New
Announcement Sub Title
RECEIPT OF APPROVAL IN-PRINCIPLE
Announcement Reference
SG200917OTHR1BGI
Submitted By (Co./ Ind. Name)
DR COLIN CHAN KUM LOK
Designation
CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)
RECEIPT OF APPROVAL IN-PRINCIPLE FROM THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED FOR LISTING AND QUOTATION OF UP TO:

a. 96,873,400 NEW ORDINARY SHARES (THE PLACEMENT 1 SHARES) IN THE CAPITAL OF ADDVALUE TECHNOLOGIES LTD TO BE ISSUED AND ALLOTTED AT A PLACEMENT PRICE OF S$0.02394 PER PLACEMENT SHARE (THE PROPOSED PLACEMENT 1);

b.10,500,000 NEW ORDINARY SHARES (THE PLACEMENT 2 SHARES) IN THE CAPITAL OF ADDVALUE TECHNOLOGIES LTD TO BE ISSUED AND ALLOTTED AT A PLACEMENT PRICE OF S$0.02394 PER PLACEMENT SHARE (THE PROPOSED PLACEMENT 2); AND

c. 83,542,189 NEW ORDINARY SHARES (THE CONVERTIBLE SHARES) IN THE CAPITAL OF ADDVALUE TECHNOLOGIES LTD TO BE ISSUED AND ALLOTTED AT A CONVERSION PRICE OF S$0.02394 PER CONVERSION SHARE PURSUANT TO AN ISSUE OF A CONVERTIBLE LOAN NOTE IN THE PRINCIPAL AMOUNT OF S$2.0 MILLION (THE 2020 CONVERTIBLE LOAN NOTE)

Please refer to the attachments for details.

Additional Details

Capital Amount-Old
SGD 97,254,648
Capital Amount-New
SGD 99,825,167
No. of Existing Outstanding Shares
1,870,441,048
New Shares Issued
107,373,400
Offer Price
SGD 0.02394

Attachments

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23/09/2020 22:57:32