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

BackDec 07, 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 ("PROPOSAL")

At the Annual General Meeting of the Company held on 6 December 2018 (“AGM”), the shareholders of the Company (“Shareholders”) had approved a first and final single-tier dividend of 0.20 sen per ordinary share in GDEX (“GDEX Shares”) for the financial year ended 30 June 2018 (“Dividend”).

 

The Board of Directors of GDEX (“Board”) wishes to announce that the Board had determined that the dividend reinvestment plan will apply to the entire Dividend (as approved by the Shareholders at the AGM) which will provide the Shareholders with the option to reinvest the Dividend into new GDEX Shares.

 

The date of entitlement and date of payment in respect of the Dividend, and the issue price of the new GDEX Shares arising from the implementation of the Proposal will be announced at a later date.

 

This announcement is dated 7 December 2018.




Announcement Info

Company Name GD EXPRESS CARRIER BERHAD
Stock Name GDEX
Date Announced 07 Dec 2018
Category General Announcement for PLC
Reference Number GA1-04122018-00001