Unless otherwise defined, all capitalised terms used herein
shall bear the same meanings as ascribed to them in the
exchange offer memorandum dated 29 June 2012 (the "Exchange
Offer Memorandum") and the Circular to Shareholders dated 12
June 2012 (the "12 June Circular") issued by euNetworks Group
Limited (the "Company") in relation to the Exchange
Offer.
The Board of Directors of the Company refers to the Company's
announcement on 31 July 2012 on the results of the Exchange
Offer and is pleased to announce that all 5,363,199,450
Exchange Shares, which were issued today pursuant to the
Exchange Offer, will be listed for quotation on Catalist on
3
August 2012, and trading of the Exchange Shares will commence
with effect from 9.00 a.m. on the same
date.
Of such 5,363,199,450 Exchange Shares:
(i) 749,487,915 Exchange Shares (being the Exchange Shares
acquired pursuant to the Columbia EUN Irrevocable
Undertaking) have been issued to and subscribed by or on
behalf of Columbia EUN; and
(ii) 2,415,087,751 Exchange Shares (being the Exchange Shares
acquired pursuant to the EUN Partners Irrevocable
Undertaking) have been issued to and subscribed by or on
behalf of EUN Partners.
As at the date of this Announcement, the Columbia Concert
Party Group owns or controls:
(i) an aggregate of 8,591,598,538 Shares, representing
approximately 38.18 per cent. of the
22,504,565,044 Shares in issue (including, for the avoidance
of doubt, such Exchange Shares issued to and subscribed by or
on behalf of Columbia EUN and EUN Partners as referred to
above); and
(ii) 105,000,000 Columbia Warrants.
The Columbia Concert Party Group would acquire a maximum
potential interest of 38.46 per cent. in the Company's
enlarged share capital of 22,609,565,044 Shares in issue
assuming only the Columbia Warrants are exercised into
105,000,000 Warrant Shares and no other Shares are issued by
the Company pursuant to the Outstanding Convertible
Securities or otherwise.
Save as disclosed, none of Columbia Capital V, LLC and
parties acting in concert with it owns, controls or has
agreed to acquire any voting rights in the Company and
instruments convertible or exercisable into, rights to
subscribe for and options in respect of, new or existing
Shares as at the date of this Announcement.
With respect to the Columbia Warrants, Independent
Shareholders should note that the 2011 Columbia
Placement Whitewash Waiver is valid, in relation to the
exercise of the Columbia Warrants, from 8
August 2011 (being the date of the issue of the Columbia
Warrants) to 8 August 2016 (being the date five years from
the date of issue of the Columbia Warrants). Further details
on the Columbia Warrants and the 2011 Columbia Placement
Whitewash Waiver have been set out, inter alia, in the
Company's Circular to Shareholders dated 20 July 2011 and the
12 June Circular.
BY ORDER OF THE BOARD Brady Rafuse
Chief Executive Officer
2 August 2012
This Announcement and its contents have been reviewed by the
Company's sponsor, CIMB Bank Berhad, Singapore Branch (the
"Sponsor"), for compliance with the relevant rules
of the Singapore Exchange Securities Trading Limited
("SGX-ST"). The Sponsor has not independently verified the
contents of this announcement. This announcement has not been
examined or approved by the SGX-ST and the SGX-ST assumes no
responsibility for the contents of this announcement,
including the correctness of any of the statements or
opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Jason Chian
(Director, Corporate Finance), CIMB Bank Berhad, Singapore
Branch, 50 Raffles Place, #09-01 Singapore Land Tower,
Singapore 048623, telephone (65) 6337 5115.
distributed by
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