ASL Marine Issues 38.8 Million New Shares Pursuant to Warrant Exercise

MT Newswires06-14

ASL Marine (SGX:A04) allotted and issued 38,800,000 shares in the capital of the company, at an exercise price of SG$0.06 per share, according to a filing with the Singapore Exchange on Thursday.

The shares were issued pursuant to the companyâs warrant exercise and will be listed and quoted on June 18.

Following the issuance, the number of issued ordinary shares of the company has increased to 811,438,041 from 772,638,041.

Pursuant to the exercise, there are 387,471,213 outstanding warrants each with an exercise price of S$0.06 expiring on July 23.

Price (SGD): S$0.06, Change: S$, Percent Change: %

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