| Miscellaneous | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | UNITED FIBER SYSTEM LIMITED |
| Company Registration No. | 199508589E |
| Announcement submitted on behalf of | UNITED FIBER SYSTEM LIMITED |
| Announcement is submitted with respect to * | UNITED FIBER SYSTEM LIMITED |
| Announcement is submitted by * | Jaka Prasetya |
| Designation * | Chief Executive Officer |
| Date & Time of Broacast | 19-Oct-2009 17:44:38 |
| Announcement No. | 00066 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Announcement Title * | PARTIAL REPAYMENT OF SERIES B EQUITY LINE BACKED LOAN NOTE FROM YA GLOBAL |
| Description | The Board of Directors of United Fiber System Ltd (the "Company") wishes to announce that the Company has on 14 October 2009 issued and delivered 17,704,062 ordinary shares pursuant to the Advance Notice for S$900,000 (the "Advance") to YA Global Master SPV Ltd. ("YA Global"), as per the Amended and Restated S$165 million Equity Line of Credit Facility dated 2 August 2005 and Second Amendment Agreement dated 21 July 2009 as partial repayment of the US$15,000,000 Series B Equity Line Backed Loan Note. The shares delivered will comprise 0.59% of the Company's enlarged issued and paid-up share capital after the issue of 17,704,062 new shares to YA Global. Following the 3-day pricing periods, the exercise prices for the Advance have been determined to be $0.0517 for 8,704,062 shares and $0.0500 for 9,000,000 shares, which are not lower than 94% of the volume weighted average prices of the Company's shares traded on 2 October 2009 and 13 October 2009, respectively. Save as disclosed above, none of the Directors, controlling shareholders or substantial shareholders of the Company has an interest, direct or indirect, in the above transaction. By Order of the Board Jaka Prasetya Chief Executive Officer 19 October 2009 |
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