Memiontec Holdings (SGX:TWL) has executed a deed poll and signed a warrant agency agreement with Boardroom Corporate & Advisory Services for its rights-cum-warrants issue, according to a Tuesday filing on the Singapore Exchange.
The move formalizes the issuance of up to 440.5 million rights shares at SG$0.009 apiece, with up to 704.8 million free warrants exercisable at SG$0.003.
Shareholders had approved the plan at an EGM on March 24.
The rights shares are offered on a two-for-three basis, with eight detachable warrants for every five rights shares subscribed.
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