|Narrative version||The 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
Chairman and Executive Director
13 May 2015