Placements::Proposed Issuance and Placement of Ordinary Shares in the Capital of the Company

Issuer/ ManagerDARCO WATER TECHNOLOGIES LIMITED
SecuritiesDARCO WATER TECHNOLOGIES LTD – SG1CC9000009 – BLR
Stapled SecurityNo
Announcement Details
Announcement Title Placements
Date & Time of Broadcast01-Feb-2018 20:11:06
StatusNew
Announcement Sub TitleProposed Issuance and Placement of Ordinary Shares in the Capital of the Company
Announcement ReferenceSG180201OTHRI93V
Submitted By (Co./ Ind. Name)Thye Kim Meng
Designation Chairman, Managing Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)The Proposed Issuance and Placement of Ordinary Shares in the Capital of Darco Water Technologies Limited

– Receipt of Approval-In-Principle from the Singapore Exchange Securities Trading Limited

Please refer to the attached.

The Offer Price for the respective Placements as follow:

(i) 3,824,891 Shares to be issued to Wah Lee Industrial Corp. and Jilead Technology Co., Ltd at SGD0.50 per share
(ii) 27,680,000 Shares to be issued to Robert Wang @ Wang Zhi pursuant to the placement agreement dated 20 October 2017 at SGD 0.65 per share
(iii) 3,500,000 Shares to be issued to Sofos Infrastructure Investment Fund SPC at SGD0.60 per share
(iv) 1,500,000 Shares to be issued to Stone Robert Alexander at SGD 0.60 per share

Additional Details
Capital Amount-OldSGD 58,892,648.426
Capital Amount-NewSGD 81,797,093.926
No. of Existing Outstanding Shares57,326,601
New Shares Issued36,504,891
Offer PriceSGD 0
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