Brief: Beverly JCG Says Proposed Debt Capitalisation And Issue Of Conversion Shares

Beverly Wilshire

17/05/2023 16:21

May 17 (Reuters) - Beverly JCG  BEVE.SI :
    * PROPOSED DEBT CAPITALISATION AND ISSUE OF CONVERSION
SHARES
    * ENTERED INTO CONDITIONAL DEBT CAPITALISATION DEEDS WITH
INDIVIDUALS FOR PROPOSED DEBT CAPITALISATION OF TOTAL
CAPITALISED DEBT
    * TOTAL CAPITALISED DEBT INTO NEW ORDINARY SHARES IN SHARE
CAPITAL
AT CONVERSION PRICE OF S$0.0011 PER SHARE
    * UPON CONVERSION OF CAPITALISED DEBT A TOTAL OF 1.77
BILLION
CONVERSION SHARES WILL BE ISSUED AND ALLOTTED TO INDIVIDUALS
    * SUBSCRIBERS UNDER DEBT CAPITALISATION INCLUDE DEPUTY
CHAIRMAN
AND CHIEF EXECUTIVE OFFICER OF COMPANY

Source text for Eikon:  ID:nSNbq26H9 
Further company coverage:  BEVE.SI 

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