GDB

0.885

-0.01 (-1.1%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES GDB HOLDINGS BERHAD ("GDB" OR "COMPANY") (I) PROPOSED BONUS ISSUE OF SHARES; AND (II) PROPOSED BONUS ISSUE OF WARRANTS, COLLECTIVELY REFERRED TO AS THE "PROPOSALS".

GDB HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
GDB HOLDINGS BERHAD ("GDB" OR "COMPANY")

(I)	PROPOSED BONUS ISSUE OF SHARES; AND

(II)	PROPOSED BONUS ISSUE OF WARRANTS,

COLLECTIVELY REFERRED TO AS THE "PROPOSALS".

On behalf of the Board of Directors of GDB, Alliance Investment Bank Berhad (“AIBB”) wishes to announce that the Company proposes to undertake the following:

(i) Proposed bonus issue of 312,500,000 new ordinary shares in GDB (“GDB Share(s)” or “Share(s)”) (“Bonus Share(s)”) on the basis of 1 Bonus Share for every 2 existing GDB Shares held on an entitlement date to be determined and announced later (“Entitlement Date”) (“Proposed Bonus Issue of Shares”); and

(ii) Proposed bonus issue of 250,000,000 warrants (“Warrant(s)”) on the basis of 2 Warrants for every 5 existing GDB Shares held on the Entitlement Date (“Proposed Bonus Issue of Warrants”).

Further details of the Proposals are set out in the attachment enclosed.

This announcement is dated 12 April 2021.




Please refer attachment below.



Announcement Info

Company Name GDB HOLDINGS BERHAD
Stock Name GDB
Date Announced 12 Apr 2021
Category General Announcement for PLC
Reference Number GA1-12042021-00011