MULTIPLE PROPOSALS MESB BERHAD (“MESB” OR THE “COMPANY”) (I) PROPOSED SHARE SPLIT; AND (II) PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY, THE “PROPOSALS”)
Type Announcement
Subject MULTIPLE PROPOSALS
Description
MESB BERHAD (“MESB” OR THE “COMPANY”)
(I) PROPOSED SHARE SPLIT; AND
(II) PROPOSED BONUS ISSUE OF WARRANTS
(COLLECTIVELY, THE “PROPOSALS”)
On behalf of the Board of Directors of MESB (“Board”), KAF Investment Bank Berhad (“KAF”) wishes to announce that the Company is proposing to undertake the following proposals:-
(i) proposed share split involving the subdivision of every two (2) existing ordinary shares in MESB (“Existing Shares”) into three (3) ordinary shares in MESB (“Resultant Shares” or “MESB Shares”) on an entitlement date to be determined later (“Proposed Share Split”); and
(ii) proposed bonus issue of 40,950,000 free warrants in MESB (“Warrants”) on the basis of one (1) Warrant for every two (2) Resultant Shares held after the Proposed Share Split (“Proposed Bonus Issue of Warrants”),
Kindly refer to the attached document for the complete announcement.
Attachment :MESB – Proposals