Unless otherwise defined, all capitalised terms used herein shall bear the same meanings as ascribed to them in the exchange offer memorandum dated 29 June 2012 (the "Exchange Offer Memorandum") issued by euNetworks Group Limited (the "Company") in relation to the Exchange Offer.
1. RESULTS OF THE EXCHANGE OFFERThe Board of Directors of the Company is pleased to announce that, as at the close of the Exchange Offer on 30 July 2012, valid acceptances of the Exchange Offer in respect of a total of S$84,770,731 in principal amount of Convertible Bonds were received, representing approximately 98.08% of the S$86,427,903 in principal amount of Convertible Bonds outstanding as at the date of this announcement. This includes acceptances pursuant to the Irrevocable Undertakings.
2. ALLOTMENT OF EXCHANGE SHARESIn the case of Holders who have validly accepted the Exchange Offer in accordance with the terms of the Exchange Offer Memorandum and FAA, CDP will send to these Holders, by ordinary post, to their respective mailing addresses as maintained in the records of CDP, at their own risk, a notification letter stating the aggregate principal amount of Convertible Bonds debited from, and the aggregate principal amount of Exchange Shares credited to, their respective securities accounts.
3. ISSUE AND LISTING OF THE EXCHANGE SHARESPursuant to the Exchange Offer, the Company expects 5,363,199,450 Exchange Shares to be issued on or about 2 August 2012 and the listing and quotation of such Exchange Shares on Catalist to be on or about 3 August 2012. The Company will release an announcement via SGXNET in due course in respect of the aforementioned.
4. TRADING OF ODD LOTS
For the purposes of trading on Catalist, each board lot of
Shares will comprise 1,000 Shares. Following the Exchange
Offer, Shareholders should note that they are able to trade
odd lots of Shares in board lots of one Share on the Unit
Share Market of the SGX-ST.
BY ORDER OF THE BOARD Brady Rafuse
Chief Executive Officer
31 July 2012
This Announcement and its contents have been reviewed by the
Company's sponsor, CIMB Bank Berhad, Singapore Branch (the
"Sponsor"), for compliance with the relevant rules
of the Singapore Exchange Securities Trading Limited
("SGX-ST"). The Sponsor has not independently verified the
contents of this announcement. This announcement has not been
examined or approved by the SGX-ST and the SGX-ST assumes no
responsibility for the contents of this announcement,
including the correctness of any of the statements or
opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Jason Chian
(Director, Corporate Finance), CIMB Bank Berhad, Singapore
Branch, 50 Raffles Place, #09-01 Singapore Land Tower,
Singapore 048623, telephone (65) 6337 5115.
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