The Board of Directors of Kintyre Holdings (JA) Limited (“the Company”), at its meeting held on April 13, 2025, resolved to pursue a Rights Issue as part of its capital-raising strategy to support ongoing growth initiatives and strengthen the Company’s balance sheet.
The proposed Rights Issue will be renounceable and made to existing shareholders as at a record date to be announced following shareholder approval. Shareholders will have the opportunity to subscribe for additional ordinary shares in proportion to their current holdings, at a price discounted to the prevailing market rate.
Underwriting & Arrangement
The Company is actively seeking to have the Rights Issue underwritten, in whole or in part, to provide assurance around full subscription and capital certainty. We are currently in discussions with a leading financial institution to secure their agreement to act as Arranger and Broker for the Rights Issue.
Further Information
Full details of the offer — including the offer price, record date, entitlement ratio, use of proceeds, and terms of subscription — will be provided in the Information Circular.
