ISDN

ISDN: to lift halt at 8.30am Proposes to undertake a 1-for-2 renounceable non-underwritten rights-cum-warrants issue at an issue price of $0.02 for each warrant with exercise price of $0.60. The undertaking sh/h who holds an aggregate 35.5% stake, will undertake that it will fully subscribe for its pro-rata entitlement to the warrants, as well as apply for all excess warrants. In the max subscription scenario, where all warrants are subscribed and exercised, the group is expected to raise gross proceeds of $111.6m. Net proceeds will be used for working capital purposes for the energy-related business of the group as well as to fund energy related acquisitions.