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Circular/Notice to Shareholders

PDZ HOLDINGS BHD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO:- (I) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF PDZ AND ITS SUBSIDIARIES TO INCLUDE THE MANUFACTURE, SALE AND MARKETING OF GLOVES AND OTHER RELATED ACTIVITIES ("PROPOSED DIVERSIFICATION"); (II) PROPOSED CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN PDZ ("PDZ SHARES" OR "SHARES") INTO 1 SHARE ("CONSOLIDATED SHARE") ("PROPOSED SHARE CONSOLIDATION"); (III) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 797,749,896 NEW SHARES ("RIGHTS SHARES") TOGETHER WITH UP TO 265,916,632 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 CONSOLIDATED SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED ("PROPOSED RIGHTS ISSUE WITH WARRANTS"); (IV) PROPOSED VARIATION OF THE UTILISATION OF PROCEEDS PREVIOUSLY RAISED FROM A RIGHTS ISSUE EXERCISE UNDERTAKEN BY THE COMPANY ("PROPOSED VARIATION"); AND (V) PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTIONS SCHEME ("ESOS" OR "SCHEME") INVOLVING UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES ("PROPOSED ESOS")


Please refer attachment below.



Announcement Info

Company Name PDZ HOLDINGS BHD
Stock Name PDZ
Date Announced 09 Jul 2021
Category Document Submission
Reference Number DCS-09072021-00004




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