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Date : 17 March 2014

MULTIPLE PROPOSALS EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 635,910,916 NEW ORDINARY SHARES OF RM0.10 EACH IN EAH ("EAH SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING EAH SHARE HELD, TOGETHER WITH UP TO 317,955,458 FREE DETACHABLE WARRANTS IN EAH ("WARRANT(S) C") ON THE BASIS OF ONE (1) FREE WARRANT C FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS"); II. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EAH FROM RM100,000,000 COMPRISING 1,000,000,000 EAH SHARES TO RM250,000,000 COMPRISING 2,500,000,000 EAH SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND III. PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF EAH ("PROPOSED AMENDMENT") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

EA HOLDINGS BERHAD

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionEA HOLDINGS BERHAD ("EAH" OR THE "COMPANY")

I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 635,910,916 NEW ORDINARY SHARES OF RM0.10 EACH IN EAH ("EAH SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING EAH SHARE HELD, TOGETHER WITH UP TO 317,955,458 FREE DETACHABLE WARRANTS IN EAH ("WARRANT(S) C") ON THE BASIS OF ONE (1) FREE WARRANT C FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS");

II. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EAH FROM RM100,000,000 COMPRISING 1,000,000,000 EAH SHARES TO RM250,000,000 COMPRISING 2,500,000,000 EAH SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND

III. PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF EAH ("PROPOSED AMENDMENT")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of EAH, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:-
i. A renounceable rights issue of up to 635,910,916 Rights Shares on the basis of one (1) Rights Share for every one (1) existing EAH Share held, together with up to 317,955,458 free detachable Warrants C on the basis of one (1) free Warrant C for every two (2) Rights Shares subscribed for, on an entitlement date to be determined later;

ii. An increase in the authorised share capital of EAH from RM100,000,000 comprising 1,000,000,000 EAH Shares to RM250,000,000 comprising 2,500,000,000 EAH Shares; and

iii. An amendment to the Memorandum of Association of EAH.

Further details on the Proposals are set out in the attachment enclosed.

This announcement is dated 17 March 2014.

Attachments

EAH Announcement.pdf
93 KB



Announcement Info

Company NameEA HOLDINGS BERHAD (ACE Market) 
Stock Name EAH    
Date Announced17 Mar 2014  
CategoryGeneral Announcement
Reference NoMI-140317-66271

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