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Date: 12 September 2017

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") RIGHTS ISSUE WITH WARRANTS


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") RIGHTS ISSUE WITH WARRANTS

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Rights Issue with Warrants.

We refer to the announcements made by RHB Investment Bank Berhad ("RHBIB"), on behalf of the Board of Directors of EAH ("Board"), on 25 January 2017, 20 March 2017, 21 March 2017, 1 June 2017, 6 July 2017, 7 September 2017 and 12 September 2017.

On behalf of the Board, RHBIB wishes to announce that the Company had resolved to fix the following prices pursuant to the Rights Issue with Warrants:-

i.     the issue price of the Rights Shares at RM0.02 per Rights Share; and

ii.     the exercise price of the Warrants D at RM0.05 per Warrant D.

The issue price of RM0.02 per Rights Share represents a discount of approximately 56.62% to the theoretical ex-rights price ("TERP") of EAH Shares of RM0.0461, calculated based on the five (5)-day weighted average market price ("WAMP") of EAH Shares up to and including 11 September 2017, being the last trading day of EAH Shares immediately preceding the price-fixing date, of RM0.0810 per EAH Share.

The exercise price of RM0.05 per Warrant D represents a premium of approximately 8.46% to the TERP of EAH Shares of RM0.0461, calculated based on the five (5)-day WAMP of EAH Shares up to and including 11 September 2017, being the last trading day of EAH Shares immediately preceding the price-fixing date, of RM0.0810 per EAH Share.

 

This announcement is dated 12 September 2017.





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