The Board of Directors of Triyards Holdings Limited refers to the Company’s announcements dated 17 September 2014 and 25 September 2014 relating to the placement of up to 29,500,000 new ordinary shares in the capital of the Company. Unless otherwise defined, all capitalised terms used herein bear the same meanings as in the Announcements.
The Board is pleased to announce that the completion of the Placement has taken place today in accordance with the terms and conditions as set out in the Placement Agreement and 29,500,000 Placement Shares have been allotted and issued.
Following the completion of the Placement, the Company’s issued and paid up share capital has increased from 295,008,913 Shares to 324,508,913 Shares.
The Placement Shares are expected to be listed and quoted on the Official List of the SGX-ST with effect from 9.00 a.m. on 30 September 2014.
Please note that the SGX-ST’s in-principle approval is not to be taken as an indication of the merits of the Placement, the Placement Shares, the Company and/or its subsidiaries.