Tritech

Tritech: Proposed 1-into-2 share spilt in a bid to improve liquidity. Following the share split, Tritech will issue bonus 5-year term warrants on the basis of 1-for-2 with an exercise price of $0.20/share. As an illustration (based on the last closing price of $0.715), the bonus warrants would be deep-in-the-money with a discount of 44% to the post share-split theoretical adjusted price of $0.3575. The estimated gross proceeeds, assuming warrants are fully exercised, of $77.3m will be used for group's future expansion plans in its engineering and water-related businesses and general working capital.