Company: GD EXPRESS CARRIER BHD
Stock Name: GDEX
Amount/Ratio: 1 : 2
Announcement Date: 10/12/2013
Ex Date: 23/12/2013
Detail:
Stock Name: GDEX
Amount/Ratio: 1 : 2
Announcement Date: 10/12/2013
Ex Date: 23/12/2013
Detail:
| Company Name | GD EXPRESS CARRIER BERHAD |
| Stock Name | GDEX |
| Date Announced | 10 Dec 2013 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MI-131210-68298 |
| Remarks : |
| The Bonus Issue will entail the issuance of up to 308,623,245 Bonus Shares on the basis of one (1) Bonus Share for every two (2) GDEX Shares held by the entitled shareholders whose names appear in the Record of Depositors of GDEX at 5.00 p.m. on 26 December 2013 (“Entitlement Date”) (“Entitled Shareholders”). The actual number of Bonus Shares to be issued will depend on the issued and paid-up share capital of GDEX on the Entitlement Date, taking into account any exercise or conversion (as the case may be) of GDEX’s existing Warrants 2011/2016 (“Warrants”). GDEX has undertaken a subdivision of every one (1) existing ordinary share of RM0.10 each in GDEX into two (2) ordinary shares of RM0.05 each in GDEX, the entitlement date being 17 December 2013. Holders of GDEX’s Warrants (“Warrant Holders”) who wish to be entitled to the Bonus Issue shall exercise their rights to subscribe for new GDEX Shares by lodging their duly completed exercise forms together with the relevant subscription monies with GDEX’s Share Registrar (at the address stated above) on or before 5.00 p.m. on 13 December 2013. This is to enable the new GDEX Shares arising from such exercise to be allotted to the respective Warrant Holders such that their names will appear in the Record of Depositors for GDEX Shares at 5.00 p.m. on the Entitlement Date. Effective on 27 December 2013 (being one (1) market day after the Entitlement Date), the number of outstanding Warrants and the exercise price for such Warrants shall be adjusted in accordance with the provisions under the Deed Poll constituting the Warrants dated 11 January 2013 (“Deed Poll”) (“Adjustments”). Warrant Holders whose names appear in the Record of Depositors for Warrants at 5.00 p.m. on 26 December 2013 (being the Entitlement Date) will be entitled to receive the additional Warrants arising from the Adjustments. For the avoidance of doubt, Warrant Holders who lodge their duly completed exercise forms between 14 December 2013 and 26 December 2013 (both dates inclusive) will not be entitled for the Bonus Issue or the additional Warrants arising from the Adjustments. Pursuant to the Adjustments, Warrant Holders will be entitled to one (1) additional Warrant for every two (2) existing Warrants held and the existing exercise price of RM0.585 for each Warrant will be adjusted accordingly to RM0.195 for each Warrant (including additional Warrants). As a result of the Adjustments, up to a maximum of 67,502,634 additional Warrants with an adjusted exercise price of RM0.195 for each Warrant shall be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 27 December 2013. A notification to the Warrant Holders setting out the details of such Adjustments will be despatched to the Warrant Holders in due course. GDEX had on 3 December 2013 announced the entitlement date of the dividends of 22.5% or 1.125 sen per GDEX Share to be on 24 December 2013. For avoidance of doubt, the Bonus Shares will not be entitled to the dividends of 22.5% or 1.125 sen per GDEX Share. The Bonus Shares will be listed and quoted on the Main Market of Bursa Securities on 27 December 2013, being one (1) market day after the Entitlement Date. GDEX’s Share Registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the Entitled Shareholders not later than four (4) market days after the date of listing and quotation for the Bonus Shares on the Main Market of Bursa Securities. This announcement is dated 10 December 2013 |
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