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

BackFeb 08, 2018
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, 18 December 2017 and 28 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 of Directors of GDEX, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that based on the valid dividend reinvestment forms received by Boardroom Corporate Services (KL) Sdn Bhd, being share registrar of the Company for the DRP, GDEX will be issuing 24,552,737 new GDEX Shares pursuant to the DRP ("New Shares"). The New Shares to be issued represent approximately 95.18% of the total number of 25,794,917 New Shares that would have been issued pursuant to the DRP had all the entitled shareholders of GDEX elect to reinvest their respective Electable Portions of their cash dividend in New Shares.

Barring any unforeseen circumstances, the said New Shares pursuant to the DRP are expected to be listed on the Main Market of Bursa Malaysia Securities Berhad on 13 February 2018.

This announcement is dated 8 February 2018.

 


Announcement Info

Company Name GD EXPRESS CARRIER BERHAD
Stock Name GDEX
Date Announced 08 Feb 2018
Category General Announcement for PLC
Reference Number GA1-08022018-00077