XDL
Bonus Issue
| XIDELANG HOLDINGS LTD |
| EX-date | 22 Jan 2016 |
| Entitlement date | 27 Jan 2016 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Bonus Issue |
| Entitlement description | BONUS ISSUE OF UP TO 1,969,858,013 NEW ORDINARY SHARES OF USD0.03 EACH IN THE COMPANY ("XDL SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING SHARE HELD BY ENTITLED SHAREHOLDERS OF XDL AT 5.00 PM ON 27 JANUARY 2016 |
| Period of interest payment | to |
| Financial Year End | 31 Dec 2016 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Registrar or Service Provider name, address, telephone no | Tricor Investor Services Sdn Bhd Unit 32-01, Level 32, Tower A, Vertical Business Suite Avenue 3, Bangsar South No. 8 Jalan Kerinchi 59200 Kuala Lumpur Tel: +603 2783 9299 Fax: +603 2783 9222 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 27 Jan 2016 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new shares/securities issued (units) (If applicable) | |
| Entitlement indicator | Ratio |
| Ratio | 1 : 1 |
| Rights Issue/Offer Price | |
| Par Value | U.S. Dollar (USD) 0.030 |
| Remarks : |
The Bonus Issue will entail the issuance of up to 1,969,858,013 Bonus Shares on the basis of one (1) Bonus Share for every one (1) XDL Share held by the entitled shareholders whose names appear in the Record of Depositors ("ROD") of XDL at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders"). The actual number of Bonus Shares to be issued will depend on the issued and paid-up share capital of XDL on the Entitlement Date, taking into account any exercise of existing XDL warrants 2014 / 2017 ("Warrants B") and XDL warrants 2015 / 2018 ("Warrants C") ("Existing Warrants").
The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities) on 28 January 2016, being one (1) market day after the Entitlement Date.
XDL's Share Registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the Entitled Shareholders not later than four (4) market days after the date of listing and quotation for the Bonus Shares on the Bursa Securities.
Holders of Existing Warrants ("Warrantholders") who wish to be entitled to the Bonus Issue shall exercise their Existing Warrants to subscribe for new XDL Shares by lodging their duly completed exercise forms together with the relevant subscription monies with XDL's Share Registrar (at the address stated above) on or before 5.00 p.m. on 14 January 2016. This is to enable the new XDL Shares arising from such exercise to be allotted to the respective Warrantholders such that their names will appear in the ROD for XDL Shares at 5.00 p.m. on the Entitlement Date.
This announcement is dated 12 January 2016. |
Announcement Info
| Company Name | XIDELANG HOLDINGS LTD |
| Stock Name | XDL |
| Date Announced | 12 Jan 2016 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-12012016-00004 |