1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Rights Issue |
| Details of corporate proposal | RENOUNCEABLE RIGHTS ISSUE OF 46,492,498 NEW ORDINARY SHARES IN ELK-DESA RESOURCES BERHAD AT AN ISSUE PRICE OF RM1.16 PER RIGHTS SHARE ON THE BASIS OF ONE (1) NEW ORDINARY SHARE FOR EVERY FIVE (5) EXISTING ORDINARY SHARES IN ELK-DESA RESOURCES BERHAD HELD AS AT 5.00 P.M. ON 8 AUGUST 2017 |
| No. of shares issued under this corporate proposal | 46,492,498 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 1.1600 |
| Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 291,835,834 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 299,673,482.680 |
| Listing Date | 08 Sep 2017 |
| Remarks : |
|
Arising from the migration to the no par value regime under the Companies Act, 2016, par value is no longer relevant. Pursuant to Section 74 of the Companies Act, 2016, the latest share capital and number of issued shares of the Company is represented by 291,835,834 ordinary shares, equivalent to RM299,673,482.68 |
| Company Name | ELK-DESA RESOURCES BERHAD |
| Stock Name | ELKDESA |
| Date Announced | 07 Sep 2017 |
| Category | Additional Listing Announcement |
| Reference Number | ALA-05092017-00006 |
