GDEX - Others (2 : 1)

Company: GD EXPRESS CARRIER BHD
Stock Name: GDEX
Amount/Ratio: 2 : 1
Announcement Date: 03/12/2013
Ex Date: 13/12/2013

Detail:

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Company Name	GD EXPRESS CARRIER BERHAD
Stock Name	GDEX
Date Announced	3 Dec 2013
Category	Entitlements (Notice of Book Closure)
Reference No	MI-131203-51747

EX-date	13/12/2013
Entitlement date	17/12/2013
Entitlement time	05:00:00 PM
Entitlement subject	Others
Entitlement description	Share Split involving the subdivision of every one (1) existing share of RM0.10 each in GD Express Carrier Bhd (“GDEX”) (“GDEX Share”) into two (2) ordinary shares of RM0.05 each in GDEX (“Subdivided Shares”) (“Share Split”)
Period of interest payment	to
Financial Year End
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Boardroom Corporate Services (KL) Sdn Bhd Lot 6.05, Level 6, KPMG Tower 8 First Avenue, Bandar Utama 47800 Petaling Jaya Selangor Darul Ehsan Malaysia Tel No.: 03-7720 1188 Fax No.: 03-7720 1111
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	17/12/2013
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Ratio
Ratio	2 : 1
Rights Issues/Offer Price

Remarks :

The Share Split will entail the subdivision of every one (1) GDEX Share into two (2) Subdivided Shares at 5.00 p.m. on 17 December 2013 (“Entitlement Date”). The actual number of Subdivided Shares will depend on the issued and paid-up share capital of GDEX on the Entitlement Date, taking into account any exercise of GDEX’s existing Warrants 2011/2016 (“Warrants”). Holders of the Warrants (“Warrant Holders”) who wish to be entitled to the Share Split 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 5 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 18 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 2011 (“Deed Poll”) (“Adjustments”). Warrant Holders whose names appear in the Record of Depositors for Warrants at 5.00 p.m. on 17 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 6 December 2013 and 17 December 2013 (both dates inclusive) will not be entitled for the Share Split or the additional Warrants arising from the Adjustments. Pursuant to the Adjustments, Warrant Holders will be entitled to one (1) additional Warrant for every one (1) existing Warrants held and the existing exercise price of RM0.585 for each Warrant will be adjusted accordingly to RM0.2925 for each Warrant (including additional Warrants). As a result of the Adjustments, up to a maximum of 36,625,787 additional Warrants with an adjusted exercise price of RM0.2925 for each Warrant shall be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 18 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. The Subdivided Shares will be listed and quoted on the Main Market of Bursa Securities on 18 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 Subdivided Shares to the Entitled Shareholders not later than four (4) market days after the date of listing and quotation for the Subdivided Shares on the Main Market of Bursa Securities. This announcement is dated 3 December 2013.