MULTIPLE PROPOSALS EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED PAR VALUE REDUCTION; II. PROPOSED RIGHTS ISSUE WITH WARRANTS; AND III. PROPOSED AMENDMENT (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| EA HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY")
I. PROPOSED PAR VALUE REDUCTION;
II. PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
III. PROPOSED AMENDMENT
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
On behalf of the Board of Directors of EAH ("Board"), RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:- i. A par value reduction via the cancellation of RM0.09 of the par value of every existing ordinary share of RM0.10 each in the issued and paid-up share capital of EAH pursuant to Section 64 of the Companies Act, 1965 ("Proposed Par Value Reduction"); ii. A renounceable rights issue of up to 2,524,354,400 new ordinary shares of RM0.01 each in EAH ("EAH Share(s)") ("Rights Share(s)") at an indicative issue price of RM0.01 per Rights Share on the basis of four (4) Rights Shares for every three (3) existing EAH Shares held, together with up to 1,262,177,200 free detachable warrants in EAH ("Warrant(s) D") on the basis of two (2) free Warrants D for every four (4) Rights Shares subscribed for, on an entitlement date to be determined later after the Proposed Par Value Reduction ("Proposed Rights Issue with Warrants"); and iii. Amendment to the Memorandum of Association of EAH ("Proposed Amendment"). (Collectively referred to as the "Proposals"). Further details of the Proposals are set out in the attachment enclosed.
This announcement is dated 25 January 2017. |
|
Please refer attachment below.
Announcement Info
| Company Name | EA HOLDINGS BERHAD |
| Stock Name | EAH |
| Date Announced | 25 Jan 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25012017-00082 |