Company Announcements
Date : 11 December 2020

MULTIPLE PROPOSALS OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY") (I) PROPOSED SHARE SPLIT (II) PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

OVERSEA ENTERPRISE BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY")

(I)	PROPOSED SHARE SPLIT
(II)	PROPOSED BONUS ISSUE OF WARRANTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of Oversea (Board), Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:-

 

(i)         proposed share split involving a subdivision of every 1 existing ordinary share in Oversea (Oversea Share or the Share) held on 5.00 p.m. on a date to be determined and announced later by the Board on which the names of registered holders of Oversea Shares (Shareholders) must appear in the record of securities holders established by Bursa Malaysia Depository Sdn Bhd (Record of Depositors) of the Company in order to be entitled to participate in the proposed share split into 3 Shares (Proposed Share Split); and

 

(ii)        proposed bonus issue of up to 442,377,000 free warrants in Oversea to be issued (Warrants) on the basis of 1 Warrant for every 2 Shares held on 5.00 p.m. on a date to be determined and announced later by the Board on which the names of Shareholders must appear in the Record of Depositors of the Company in order to be entitled to participate in the proposed bonus issue of Warrants (Proposed Bonus Issue of Warrants).

 

Please refer to the attachment for further details on the Proposals.

 

This announcement is dated 11 December 2020.




Please refer attachment below.



Announcement Info

Company Name OVERSEA ENTERPRISE BERHAD
Stock Name OVERSEA
Date Announced 11 Dec 2020
Category General Announcement for PLC
Reference Number GA1-11122020-00036



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