Name of

Subscribers

Agnes Teo Poh Hua Goh Toh Khiow Tan Chong Chai Yeong Chun Song

Number of Subscription Shares

10,000,000 6,000,000 29,000,000 55,000,000

Aggregate Subscription Price (S$)

120,000 72,000 348,000 660,000

Number of Free Warrants

5,000,000

3,000,000 14,500,000 27,500,000

Total

100,000,000

 

 

Further to the announcement by The Lexicon Group Limited (the “Company”) on 8 October 2010 requesting for a trading halt, the board of directors of the Company wishes to inform its shareholders that the Company had called for such trading halt in anticipation of the proposed execution of an agreement relating to a proposed transaction by the Company on 10 October 2010. However, due to unforeseen circumstances, there has been a delay in the execution of such agreement by the parties thereto. As such agreement has to date not been executed by the parties thereto, the Company will be requesting for a lifting of the trading halt later today.

The Company will keep its shareholders informed of any further developments of such proposed transaction by making the appropriate announcement in compliance with the Catalist listing rules.

Shareholders and potential advisers of the Company are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests and to exercise caution when dealing in the shares of the Company.

By Order of the Board

Ricky Ang Gee Hing Executive Vice-Chairman and Managing Director 13 October 2010

What Agreement?

Are they selling the business away? 

Flying off soon?....