ASL Marine Allots, Issues 3 Million Shares Upon Exercise of Warrants

MT Newswires07-04

ASL Marine (SGX:A04) allotted and issued 3,000,000 new shares following the exercise of the same number of warrants at an exercise price of SG$0.06 per share, according to a filing with the Singapore Exchange on Wednesday.

The new shares are expected to be listed, quoted and start trading on July 5.

Following the issuance, the number of issued ordinary shares of the company has increased from 916,220,201 ordinary shares to 919,220,201 ordinary shares.

Following the exercise of warrants, there are 279,689,053 outstanding warrants expiring on July 23, 2024.

The company's shares were down about 2% recently.

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