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07/18 ALTERNATIVE ENERGY : Funding Agreement
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2013 ALTERNATIVE ENERGY LIMITED : Announcement - 14 Aug 2013 - Notice of AEL AGM
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Alternative Energy Limited : Result of Preferential Offering dated 28 March 2013

04/03/2013 | 04:26am US/Eastern

Results of Preferential Offering - London Stock Exchange Page l of2

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Altemalive Energy L1m1ted

ALR

Results of Preferentìal Offering

17:33 28-Mar-2013

2160817

RNS Number : 21608

Alternative Energy Limited

28 March 2013

FOR IMMEDIATE RELEASE 28 Mareh 2013
Alternative Encrgy Limitcd
("Alternative Encrgy", "AEL" or the "Company")
RESULT OF PREFERENTIAL OFFERING
Further to the announcements of (i) 14 .Tanuary 2013 in respect of the despatch of an offering letter dated 14
January 2013 (the "Offcring Lcttcr") and the accompanying application form (the "Application Form")
containing the tenns and conditions of the Preferentìal Offcring to thc Entìtlcd Sharcholders; an d (ii) 24 January
2013, 8 Fcbruary 2013,28 February 2013 and 14 March 2013 respectively in relation to tbc extensions ofthe closing date ofthe Preferential Offering from 25 January 2013 to 28 March 2013 (tbc "Extended Closing Date"),
the Company is pleased to announce that as at the Extended Closing Date, valid applications for a total of
150,116,180 Prefcrcntìal OfTering Shares were received, the details ofwhich are set out as follows:
(a) valid applications for a total of 38,866,180 Prcfcrcntial OITering Shares were receivcd from the Entitled
Dcpositary Interest Holdcrs;
(b) valid applications fora total of 24,250,000 Preferential Offerìng Sharcs wcre rcccivcd from the Entitled
Scripholdcrs; and
(c) a total of 87,000,000 Prefercntial Offcring Shares were offered to and subscribed for by parties other than the Entitled Shareholders.
Pursuant to the above, the Company has raised a total of US$1,200,929.44 at the issue price of US$0.008 per
Preferential Offering Sharc (the "Issuc Price").
In addition, the Company has received further applications for 125,000,000 and 1,000,000 Preferential Offering Sharcs bcing subscriptions of US$1 million and US$8,000 respectivcly, for which the Company is awaiting the funds. The Company is also in the proccss of making arrangements to piace some or ali of the remaining Prcferential Offcring Shares at tbc Issue Price. The Company will make a further announcement in due course.
The total number of ordinary shares in issuc (the "Ordinary Sharcs"), upon issuance and allotment of ali the Prcferential Offering Shares applied for and for which funds bave been received under the Preferential Offcrìng will be 2,086,032,444 (the "Enlargcd Issucd Sharcs"), excluding the 1,922,966 Ordinary Sharcs hcld in treasury.
As a result of the Preferential Offcring Shares issued under the Preferential Offering the Concert Parties ho!d in aggregate 800,000,666 Ordinary Sharcs which will represent 38.35 per cent. ofthe Enlarged Issued Shares ofthe Company, having taken into account the Proposed Disposal as disclosed in the circular to the shareholders dated
21 December2012.
Dr Eric Goh Swee Ming, thc Executive Director of the Company, who is also an Entitled Shareholder, has subscribcd for 3,750,000 Preferential Offering Sharcs at the Issue Price. Following this subscription Dr Eric Goh Swee Ming will hold l 0,808,823 Ordinai}' Shares in the Company representing approximately 0.52 per cent. of the Enlarged Jssued Shares.
Mr Bay Yew Chuan, the NonwExecutivc Director of the Company, who is also an Entitlcd Shareholdcr, has subscribed for 2,000,000 Preferential OfTering Shares at the Issue Price. Following this subscription Mr Bay Yew Chuan will hold 27.000,000 Ordinary Shares in the Compnny representing approximately 1.29 per cent. of thc Enlarged Issued Shares.
The Company intends to usc thc nct proceeds ofapproximately US$1,832.929.44 (aftcr deducting professional

http:1/www.londonstockexchange.com/exchange/news/market-news/market-news-det... 29/03/2013

Results ofPreferential Offering- London Stock Exchange Page 2 of2

fecs and rclated cxpcnses ofapproximatcly US$376,000 and including the additional US$lmìllion and US$8,000 commitments for which funds are awaited) raised from the Prefcrential OITering for tbc generai working capitai purposes of the Company and to develop the business and technologies of tbc Company, particularly those in relation to the l 000 Island Project.
Application has therefore becn madc for 150,116,180 Ordinary Shares, which will rank pari passu with ali existìng Ordinary Shares, to be admitted to trading on AIM. Trading in such shares is expected to commence on or around 5 Aprii 2013.
Ali capitalised tenns used but not defined herein shall bave tbc same meaning ascribed to them in the Offering Letter and which were also set out at the end ofthe announcement released on the 14 January 2013 in relation to the despatch ofthe Offering Letter, unless expressly provided or the context requires otherwise.

ENDS

About.ltemariYe Energy

.ltcrnarin.· Encrgy Limitcù i:- hcaùquartercd in Sin[:,>apore. Through its team ofSio!,taporc bascd cngincers, .ltcmari·c

Encrgy ha$ de,·clopcd a numbcr of tcchnologics induding its patentcd roof ba$ed cncrgy sy$tcm, tbc eRoof. The Company is now producing its third gencrarion eRoof far commerciai roll out this ycar. ·nlC Company is also de,·cloping a numbcr of (.'11Ct!,'Y sa·ing tedmologics dcsigncd to reduce power consumprion, led by its LED lighring

systt·ms, which will combine wìth its eneq:,•y gcnerarion systcms to cnablc thc creation of cnergy sclf sufficient buildings.

'NOW TI-lE WORLD l ùS AN AJ;fERNATl'E' T!<!

Far furthcr informarion plcase see the Company's wcbsitc: \WW.altl·matìn·nergr.cnnl.S(! or plcasc contact: Richard Lasccllcs, Jndcpcndcnt Non-cxccuth·c Director Tcl: 020 7408 1067

Roland Comish and Emily Staplcs, Bcaumont Cornish Limitcd Tcl: 020 7628 3396

Eric Goh, Exccurh·c Director Tcl: +65 68737782

This information is provided by RNS

The company news service from the London Stock Exchange

END

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