EV DYNAMICS(00476): The allotment has been accepted by approximately 1.84%.
Kexuan Power Holdings (00476) issued an announcement that on Thursday, September 12, 2024, at 4:00 p.m. (...
EV DYNAMICS (00476) announced that as of September 12, 2024 (Thursday) at 4:00 PM (the final acceptance deadline), the company has received a total of 9 valid acceptances and applications involving a total of 25,577,700 shares for subscription, equivalent to approximately 1.84% of the total number of shares available for subscription under the rights issue.
On the record date, there were five ineligible shareholders, with a total of 1,149 shares held by these shareholders. Based on the results of the valid acceptances and applications mentioned above, the total number of shares for subscription that were not taken up and the shares held by the ineligible shareholders should be 1.366 billion shares. As disclosed earlier, the company has entered into a placing agreement with the placing agent according to clause 7.21(1)(b) to make compensation arrangements, whereby the company conditionally appoints the placing agent and the placing agent conditionally agrees to act as the company's placing agent to make best efforts to facilitate subscribing for the unsubscribed shares and the shares held by the ineligible shareholders in accordance with the placing agreement.
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