DR. DAVID CHEW BUYS OVER AMARANTH'S WARRANTS
Singapore, 11 December 2006 – Mainboard- listed Stratech System Limited (“the Company”) announces that
it has been notified by its Executive Chairman, David Chew that he has, pursuant to an auction,
purchased from Amaranth LLC (“Amaranth”) 46,790,373 warrants each carrying the right to
subscribe for 1 new ordinary share in the capital of the Company upon its exercise at $0.09 subject
These warrants were in the registered form issued pursuant to a Share and Warrant Subscription
Agreement of 16 November 2005 between the Company and Amaranth and announced on 17
November 2005. Of these, 35,643,010 warrants will expire on 30 May 2007 and 11,147,363
warrants will expire on 1 December 2007.
Stratech Systems Limited
Stratech Systems Limited is principally engaged in the design, development, integration, implementation, maintenance and project management of information technology and advanced technology systems. The Group delivers large-scale complex, real-time, mission critical systems in the areas of intelligent Vision, intelligent Transport Systems and e-Systems for governments and businesses.
Formed in 1989, the Group has established an impressive track record serving industries such as aerospace and defense, financial services, government, healthcare, homeland security and transportation (air, sea and land). The Group develops and implements advanced technology solutions that achieve significant business transformation and competitive advantage for its clients.
For more information, please contact:
Marketing and Corporate Communications
Tel: +65 6799 6650
Fax: +65 6323 2177