XDL
Bonus Issue
| XIDELANG HOLDINGS LTD |
| EX-date | 08 Jan 2018 |
| Entitlement date | 10 Jan 2018 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Bonus Issue |
| Entitlement description | BONUS ISSUE OF UP TO 894,179,400 NEW ORDINARY SHARES OF USD0.04 EACH IN THE COMPANY ("XDL SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF XDL AT 5.00 P.M. ON 10 JANUARY 2018 ("ENTITLEMENT DATE") ("BONUS ISSUE") |
| Period of interest payment | to |
| Financial Year End | 31 Dec 2018 |
| 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: +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 | 10 Jan 2018 |
| 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 (if applicable) | U.S. Dollar (USD) 0.040 |
| Remarks : |
The Bonus Issue will entail the issuance of up to 894,179,400 Bonus Shares on the basis of 1 Bonus Share for every 1 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 2015/2018 ("Warrants C").
The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 11 January 2018, being 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 4 market days after the date of listing and quotation for the Bonus Shares.
Holders of Warrants C ("Warrant C Holders") who wish to be entitled to the Bonus Issue shall exercise their Warrants C to subscribe for new 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 28 December 2017. This is to enable the new XDL Shares arising from such exercise to be allotted to the respective Warrant C Holders 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 26 December 2017. |
Announcement Info
| Company Name | XIDELANG HOLDINGS LTD |
| Stock Name | XDL |
| Date Announced | 26 Dec 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-26122017-00004 |