Eneco Energy Allots 504 Million Shares Pursuant to Exercise of Warrants; Shares Plunge Over 9%

MT Newswires

09/02

Eneco Energy (SGX:R14) allotted and issued 504 million shares pursuant to the exercise of warrants at SG$0.009 per share, according to a Monday filing with the Singapore Exchange.

Shares of the company plunged over 9% in Tuesday trading.

Following the issuance, the company's issued and paid up capital has increased to SG$178.6 million.

The new shares are expected to be listed and quoted on or about Sept. 3.

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