ASL, Parent of Vosta Dredging - Completion Of Third Informal Meeting With Noteholders

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Posted December 6, 2018

1. THIRD INFORMAL MEETING WITH NOTEHOLDERS

The Board of Directors of ASL Marine Holdings Ltd. and together with its subsidiaries, refers to the Company’s announcements dated 7 September 2018, 19 September 2018, 12 October 2018, 29 October 2018 and 21 November 2018.

Further to the Previous Announcements, the Company wishes to update that the Company has completed the Third Informal Meeting with the holders of the Series 006 Notes and Series 007 Notes issued by the Company pursuant to its S$500,000,000 Multicurrency Debt Issuance Programme.

For information on the presentation, kindly refer to the attached presentation slides in relation to the Third Informal Meeting.

The Company’s discussions with the key lenders are still ongoing and the Company will provide updates when there are further developments.

The Company also intends to commence its consent solicitation exercise in early January 2019.

2. CAUTION IN TRADING

Shareholders are advised to exercise caution in trading their Shares and Noteholders are advised to exercise caution in trading their Notes. The Company will make further announcements as appropriate or when there are further developments. Shareholders and Noteholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders and Noteholders should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take.

BY ORDER OF THE BOARD

Ang Kok Tian
Chairman, Managing Director and CEO
5 December 2018

Source: ASL