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Global Yellow Pages Ltd Proposed Placement Of 99,918,058 New Ordinary Shares To Oregold Pte Ltd And Cluny Capital Ltd


Wednesday, 22 May 2013 07:36am EDT 

Global Yellow Pages Ltd announced that the Company has on May 22, 2013 entered into a conditional subscription agreement (the Agreement) with Oregold Pte Ltd and Cluny Capital Ltd (the Subscribers), pursuant to which the Company has agreed to allot and issue 99,918,058 new ordinary shares in the capital of the Company (Shares and Placement Shares respectively) at the issue price of SGD0.0761 per Placement Share as follows:- (a) Oregold Pte Ltd (Subscriber 1) has agreed to subscribe for 76,738,000 new ordinary shares (Shares) constituting 12.8% of the enlarged share capital of the Company at the aggregate consideration of SGD5,839,761.80; and (b) Cluny Capital Ltd (Subscriber 2) has agreed to subscribe for 23,180,058 new Shares constituting 3.87% of the enlarged share capital of the Company at the aggregate consideration of SGD1,764,002.41. The gross proceeds to be received by the Company under the Placement is approximately SGD7,603,764. 

Company Quote

0.044
0.0010 +2.33%
31 Oct 2014