EDEN: CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED DEBT SETTLEMENT OF RM45,648,878 DUE FROM ZIL ENTERPRISE SDN BHD (“ZIL”) TO STRATAVEST SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EDEN INC. BERHAD (“EDEN”) (“DEBT”) BY WAY OF THE TRANSFER OF A PIECE OF LEASEHOLD LAND OF 99 YEARS EXPIRING ON 28 OCTOBER 2096 HELD UNDER TITLE PN 21370, LOT 8909 IN THE MUKIM OF SUNGAI KARANG, DISTRICT OF KUANTAN, STATE OF PAHANG MEASURING APPROXIMATELY 2,400,299 SQUARE FEET IN AREA (“LAND”) BY ZIL TO VISTA LEGACY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EDEN, FOR THE DEBT (II) PROPOSED ISSUANCE OF UP TO 252,677,976 FREE WARRANTS C IN EDEN (“WARRANTS C”) ON THE BASIS OF 1 WARRANT C FOR EVERY 2 EXISTING ORDINARY SHARES IN EDEN HELD BY THE ENTITLED SHAREHOLDERS OF EDEN WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF EDEN ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (III) PROPOSED ESTABLISHMENT OF AN EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES IN EDEN (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME OVER THE DURATION OF ESOS (COLLECTIVELY, THE “PROPOSALS”)

Bursa Malaysia · Jan 9 10:37

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