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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 178,384,776 NEW ORDINARY SHARES IN DOLPHIN ("SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 133,788,582 FREE DETACHABLE WARRANTS ("WARRANTS-C") AT AN ISSUE PRICE OF RM0.075 PER RIGHTS SHARE ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 WARRANTS-C FOR EVERY 3 SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE")

DOLPHIN INTERNATIONAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN")

PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 178,384,776 NEW ORDINARY SHARES IN DOLPHIN ("SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 133,788,582 FREE DETACHABLE WARRANTS ("WARRANTS-C") AT AN ISSUE PRICE OF RM0.075 PER RIGHTS SHARE ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 WARRANTS-C FOR EVERY 3 SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE")

Unless otherwise stated, all defined terms and abbreviations used in this announcement shall carry the same meaning as those defined in Dolphin’s announcement dated 26 October 2023 in relation to the Proposed Rights Issue.

 

Reference is made to the following:

 

(i) Dolphin’s announcement on 30 October 2023 in respect of its announcement of additional information for the Proposed Rights Issue (“Additional Information Announcement”); and

 

(ii) Section 2(ii)(b) of the Additional Information Announcement which states that “The remaining Deferred Cash Consideration of RM5.35 million shall be funded through the Group’s internally generated funds, bank borrowings, liquidation of non-core assets and/or other equity fund raising activity.”

 

On behalf of the Board, Mercury Securities wishes to inform that the remaining Deferred Cash Consideration of RM5.35 million will not be funded through other equity fund raising activity. As such, Section 2(ii)(b) of the Additional Information Announcement should read as follows:

 

“The remaining Deferred Cash Consideration of RM5.35 million shall be funded through the Group’s internally generated funds, bank borrowings and/or liquidation of non-core assets, and that Dolphin will make the necessary announcements to Bursa Securities, where applicable, in accordance with the Listing Requirements.”

 

This announcement is dated 31 October 2023.






Announcement Info

Company Name DOLPHIN INTERNATIONAL BERHAD
Stock Name DOLPHIN
Date Announced 31 Oct 2023
Category General Announcement for PLC
Reference Number GA1-31102023-00037



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