EAH

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MULTIPLE PROPOSALS EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") I. PROPOSED CAPITAL REDUCTION; AND II. REVISED PROPOSED SHARES ISSUANCE (COLLECTIVELY REFERRED TO AS THE "REVISED PROPOSALS")

EA HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY")

I.	PROPOSED CAPITAL REDUCTION; AND
II.	REVISED PROPOSED SHARES ISSUANCE 

(COLLECTIVELY REFERRED TO AS THE "REVISED PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed Capital Reduction and Proposed Shares Issuance (Collectively, the "Proposals").

We refer to the announcements made on behalf of the Board by UOB Kay Hian (M) Securities Sdn Bhd ("UOBKH") on 5 May 2021 and 28 May 2021 in relation to the Proposals. Please note that this announcement should be read in conjunction with the announcement dated 5 May 2021 in relation to the Proposals ("First Announcement").

On behalf of the Board, UOBKH wishes to announce that the Company had on 28 July 2021, entered into a supplemental agreement, which is supplemental to the Subscription Agreement, to revise the terms and conditions of the Proposed Shares Issuance whereby EAH proposes to issue 1,100,000,000 new EAH Shares, representing approximately 21.7% equity interest in EAH at a revised issue price of RM0.0211 per EAH Share ("Revised Issue Price") to VinVest Capital Holdings Berhad ("VinVest"), (formerly known as Vivocom Intl Holdings Berhad) for a total subscription consideration of RM23,210,000 which will be fully satisfied via the issuance of 62,645,075 new ordinary shares of VinVest ("VinVest Share(s)") at a revised price of RM0.3705 per VinVest Share ("Supplemental Agreement") ("Revised Proposed Shares Issuance").

The Proposed Capital Reduction and the Revised Proposed Shares Issuance shall be collectively referred to as the Revised Proposals. For the avoidance of doubt, the Proposed Capital Reduction and the other terms and conditions pertaining to the Proposed Shares Issuance shall remain unchanged and valid as per the First Announcement unless otherwise stated herein.

Further details of the Revised Proposals are set out in the attachment below. 

 

This announcement is dated 28 July 2021.




Please refer attachment below.



Announcement Info

Company Name EA HOLDINGS BERHAD
Stock Name EAH
Date Announced 28 Jul 2021
Category General Announcement for PLC
Reference Number GA1-28072021-00035