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WCT proposes 3-for-20 bonus shares issue (9679)
by hlk Thu 06 Sep 2012, 22:34
KUALA LUMPUR: WCT Bhd
has proposed a corporate exercise including a bonus issue of 180.25
million new shares and 240.34 million free warrants and also to
increase the authorised share capital.
It said on Thursday the
proposed bonus issue would be on the basis of three bonus shares for
every 20 existing 50 sen shares held and one warrant D for every five
shares held on the entitlement date.
WCT also proposed to
increase the authorised share capital from RM800mil, comprising of 1.40
billion shares and one billion preference shares of 10 sen each to
RM1.10bil, comprising two billion WCT shares and one billion preference
shares.
has proposed a corporate exercise including a bonus issue of 180.25
million new shares and 240.34 million free warrants and also to
increase the authorised share capital.
It said on Thursday the
proposed bonus issue would be on the basis of three bonus shares for
every 20 existing 50 sen shares held and one warrant D for every five
shares held on the entitlement date.
WCT also proposed to
increase the authorised share capital from RM800mil, comprising of 1.40
billion shares and one billion preference shares of 10 sen each to
RM1.10bil, comprising two billion WCT shares and one billion preference
shares.
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