MULTIPLE PROPOSALS EDUSPEC HOLDINGS BERHAD ("EDUSPEC" OR THE "COMPANY") (I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| EDUSPEC HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | EDUSPEC HOLDINGS BERHAD ("EDUSPEC" OR THE "COMPANY")
(I) PROPOSED SHARE CONSOLIDATION; AND
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
On behalf of the Board of Directors of the Company, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:-
(i) proposed consolidation of every 20 existing ordinary shares in Eduspec (“Eduspec Shares” or “Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”); and
(ii) proposed renounceable rights issue of up to 996,522,210 new Shares (“Rights Shares”) together with up to 498,261,105 free detachable warrants in the Company (“Warrants C”) on the basis of 6 Rights Shares together with 3 free Warrants C for every 1 Consolidated Share held by the entitled shareholders of the Company on an entitlement date to be determined later (“Proposed Rights Issue with Warrants”).
Please refer to the attachment for further details.
This announcement is dated 13 January 2023. |
|
Please refer attachment below.
Announcement Info
| Company Name | EDUSPEC HOLDINGS BERHAD |
| Stock Name | EDUSPEC |
| Date Announced | 13 Jan 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13012023-00052 |