GADANG
Bonus Issue
| GADANG HOLDINGS BHD |
| EX-date | 23 Nov 2016 |
| Entitlement date | 25 Nov 2016 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Bonus Issue |
| Entitlement description | Bonus issue of 129,311,689 warrants in Gadang Holdings Berhad ("Gadang") ("Warrant(s)") on the basis of one (1) Warrant for every four (4) existing ordinary shares of RM0.50 each held in Gadang ("Subdivided Share(s)") after the completion of the share split at 5.00 p.m. on 25 November 2016 ("Entitlement Date") ("Bonus Issue of Warrants") |
| Period of interest payment | to |
| Financial Year End | 31 May 2017 |
| 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 & ISSUING HOUSE 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: 03-27839299 Fax: 03-27839222 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 25 Nov 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 : 4 |
| Rights Issue/Offer Price | |
| Par Value | Malaysian Ringgit (MYR) 0.500 |
| Remarks : |
The Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") within two (2) market days after the receipt of the listing and quotation application filed with Bursa Securities.
The Bonus Issue of Warrants will be implemented via the filing of listing and quotation application with Bursa Securities after the completion of the Share Split. As such, the Warrants to be issued pursuant to the Bonus Issue of Warrants shall give to its holder an option to subscribe for new Subdivided Shares on the basis of one (1) new Subdivided Share for one (1) Warrant at the exercise price of RM1.06 per Warrant.
The Warrants will be credited into the entitled shareholders central depository system account and a notice of allotment will be issued and despatched to the entitled shareholders.
This announcement is dated 11 November 2016. |
Announcement Info
| Company Name | GADANG HOLDINGS BHD |
| Stock Name | GADANG |
| Date Announced | 11 Nov 2016 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-11112016-00005 |