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

BackDec 14, 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")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposal.

We refer to our earlier announcements dated 7 December 2018 and 12 December 2018 in relation to the Proposal.

On behalf of the Board of Directors of GDEX, UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, vide its letter dated 13 December 2018, resolved to approve the listing and quotation of up to 48,500,000 new GDEX Shares to be issued pursuant to the Proposal.

The approval by Bursa Securities for the Proposal is subject to the following conditions:-

i.     GDEX and UOBKH must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposal;

ii.    GDEX and UOBKH to inform Bursa Securities upon the completion of the Proposal; and

iii.   GDEX to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposal is completed.

This announcement is dated 14 December 2018.




Announcement Info

Company Name GD EXPRESS CARRIER BERHAD
Stock Name GDEX
Date Announced 14 Dec 2018
Category General Announcement for PLC
Reference Number GA1-14122018-00014