Investor Relations homepage
Corporate information
Stock information
Financial information
Company reports
Newsroom
Investor resources & tools
Information request
   

Company announcements

Date: 25 January 2017

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")


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.



 


ATTACHMENT

- EAH Announcement.pdf

Back

 
Copyright © EA Holdings Berhad. All Rights Reserved.