Vosta Parent ASL Marine Issues Details for S$500M Warrant Issue

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Posted January 28, 2019

(A) THE PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 314,633,470 WARRANTS ON THE BASIS OF ONE (1) RIGHTS WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES; AND

(B) THE PROPOSED ISSUE OF 300,625,000 NOTEHOLDER WARRANTS TO HOLDERS OF THE SERIES 006 NOTES AND SERIES 007 NOTES

1. INTRODUCTION

The board of directors of ASL Marine Holdings Ltd. refers to the Company’s announcement dated 31 December 2018 in relation to the proposed issue of warrants to shareholders of the Company and 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, and the Company’s announcements dated 8 January 2019 and 9 January 2019 in relation to the consent solicitation by the Company in connection with the Series 006 Notes and the Series 007 Notes.