Additional Listing Announcement /Subdivision of Shares
| REDTONE INTERNATIONAL BERHAD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Conversion of Loan Stocks |
| Details of corporate proposal | Conversion of Irredeemable Unsecured Loan Stocks 2010/2020 ("ICULS") |
| No. of shares issued under this corporate proposal | 23,109,093 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.2500 |
| Par Value($$) (if applicable) | Malaysian Ringgit (MYR) 0.000 |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 782,453,885 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 153,580,702.740 |
| Listing Date | 12 Mar 2020 |
| Remarks : |
A total of 57,772,744 ICULS had been mandatorily converted into 23,109,093 ordinary shares in the Company. Fraction of an ordinary share resulting from the conversion of ICULS is disregarded in accordance with the Trust Deed dated 20 January 2010.
Arising from the migration to the no par value regime under the Companies Act 2016 ("CA 2016"), par value is no longer relevant pursuant to Section 74 of the CA 2016. |
Announcement Info
| Company Name | REDTONE INTERNATIONAL BERHAD |
| Stock Name | REDTONE |
| Date Announced | 11 Mar 2020 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-09032020-00015 |