The exercise price represents a discount of 63.64% to H2G Green’s closing price of 1.1 cents per share on Sept 4. The issue price of 0.1 cents and 0.4 cents represent a collective discount of 54.55% to H2G Green’s last-traded price.
H2G Green is proposing to undertake a renounceable non-underwritten rights issue of up to 1.42 billion warrants. This is the same amount of shares in the company’s issued and paid-up share capital as at Sept 4. At an issue price of 0.1 cents, H2G Green (SGX:5AI
) is estimated to raise gross proceeds of up to $1.42 million.
Each warrant carries the right to subscribe to one new share in H2G Green at an exercise price of 0.4 cents per new share. This is based on one warrant for every existing share held by the company’s shareholders as at a date and time to be determined.
