At today’s Scientex’s Extraordinary General Meeting, shareholders approved the proposed 2-for-1 bonus issue of shares and 1-for-5 free warrants issue.
The proposed bonus issue involves the issuance of up to about 1.0 billion new ordinary shares. The bonus issue would increase the total number of the Group’s ordinary shares to around 1.6 billion shares, with the value of Scientex’s share capital remaining unchanged.
The Group would also issue a maximum of 103.4 million free warrants. The warrants would have an exercise price of RM4.30 per warrant, with a tenure of five years commencing from the date of issuance of the warrants.
The ex-date and listing date of bonus issue would be on 13 January 2021 and 15 January 2021 respectively. The ex-date and listing date of warrants would be on 13 January 2021 and 20 January 2021 respectively.
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