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New Issue Of Securities (Chapter 6 Of Listing Requirements) : Other Issue Of Securities

BackDec 28, 2017
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description

GD EXPRESS CARRIER BHD ("GDEX" OR "THE COMPANY") DIVIDEND REINVESTMENT PLAN THAT PROVIDES THE SHAREHOLDERS OF GDEX THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND IN NEW ORDINARY SHARES IN GDEX ("DRP")

We refer to the announcements dated 7 December 2017, 13 December 2017 and 18 December 2017 in relation to the DRP. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the DRP.

On behalf of the Board, UOB Kay Hian Securities (M) Sdn Bhd (“UOBKH”) wishes to announce that the issue price of the new GDEX Shares to be issued pursuant to the DRP has been fixed today (“Price Fixing Date”) at RM0.5405 per new GDEX Share.

The issue price is computed based on the volume weighted average market price for the five (5) market days prior to the Price Fixing Date (up to and including 27 December 2017) of RM0.6030 minus the first and final single-tier dividend per GDEX Share of 0.25 sen and applying a discount of approximately 10.0%.

On behalf of the Board, UOBKH also wishes to announce that the book closure date for the first and final single-tier dividend and dividend reinvestment plan shall be 12 January 2018.

Barring any unforeseen circumstances, the new GDEX Shares arising from the DRP will be listed on the Main Market of Bursa Securities on 13 February 2018.

 

This announcement is dated 28 December 2017.





Announcement Info

Company Name GD EXPRESS CARRIER BERHAD
Stock Name GDEX
Date Announced 28 Dec 2017
Category General Announcement for PLC
Reference Number GA1-28122017-00046