Albedo

Albedo: proposes a renounceable non-underwritten rights cum warrants issue, on the basis of 4 rights shares with 4 free detachable warrants for each one Albedo share. The rights will have an issue price of $0.005 per rights share, and each warrant will have an exercise price of $0.005 for each new share. The existing dilutive securities are as follows: i) 6.08m outstanding sh options ii) 30m outstanding warrants iii) convertible bonds amounting to $540k, exerciseable into 9.8m shares. Madam Oei Siu Hoa (sister of famous investor Oei Hong Leong), currently holds 23.9% stake, and as the Undertaking Shareholder, has separately undertaken not to exercise any of the New Warrants such that as a result of the exercise, the co failed to meet the minimum Public Float Requirement.