C06361-2021 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 292,686,349,297 |
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Subject of the Disclosure |
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Acquisition by Apollo Global Capital, Inc. (“APL” or the "Company") of Poet Blue Ocean Offshore Services Pte. Ltd. (“PBO”) |
Background/Description of the Disclosure |
On, 20 September 2021, the Board of Directors of APL has approved the execution of, and APL has entered into, an Instrument of Transfer of shares covering the acquisition by APL of 49% ownership of PBO.The transaction is consistent with the use of proceeds in the Company’s recently completed follow-on offering, where the Company committed to use the net proceeds from the offer primarily to buy a 49% stake in PBO, the owner of MB Siphon I vessel, which will be used for the offshore mining activities of the Company’s subsidiary, JDVC Resources Corporation. |
Other Relevant Information |
Please see attached details of the acquisition in the attached PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation. |
Name | Kristina Joyce Caro-Gañgan |
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Designation | Corporate Secretary |