GDEX-WA - Bonus Issue (1 : 2)

Company: GD EXPRESS CARRIER -WA 2011/16
Stock Name: GDEX-WA
Amount/Ratio: 1 : 2
Announcement Date: 10/12/2013
Ex Date: 23/12/2013

Detail:

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Company Name	GD EXPRESS CARRIER BERHAD
Stock Name	GDEX-WA
Date Announced	10 Dec 2013
Category	Entitlements (Notice of Book Closure)
Reference No	MI-131210-68541

EX-date	23/12/2013
Entitlement date	26/12/2013
Entitlement time	05:00:00 PM
Entitlement subject	Bonus Issue
Entitlement description	Adjustment to the number of outstanding Warrants 2011/2016 in GD Express Carrier Bhd (“GDEX”) (“Warrants”) and the exercise price for the Warrants made in accordance with the provisions under the Deed Poll constituting the Warrants dated 11 January 2011 (“Deed Poll”) consequential to a bonus issue of up to 308,623,245 new ordinary shares of RM0.05 each in GDEX (“GDEX Shares”) (“Bonus Shares”) on the basis of one (1) Bonus Share for every two (2) existing GDEX Shares held (“Bonus Issue”)
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 111
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	26/12/2013
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	1 : 2
Rights Issues/Offer Price

Remarks :

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 with the entitlement date being 17 December 2013. Holders of the 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. This announcement is dated 10 December 2013