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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES ELK-DESA RESOURCES BERHAD ("ELK-DESA" OR "COMPANY") PROPOSED BONUS ISSUE OF 151,603,559 NEW ORDINARY SHARES IN ELK-DESA ("ELK-DESA SHARE(S)" OR "SHARE(S)") ON THE BASIS OF 1 NEW ELK-DESA SHARE FOR EVERY 2 EXISTING ELK-DESA SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED AT A LATER DATE ("PROPOSED BONUS ISSUE")

ELK-DESA RESOURCES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
ELK-DESA RESOURCES BERHAD ("ELK-DESA" OR "COMPANY")
PROPOSED BONUS ISSUE OF 151,603,559 NEW ORDINARY SHARES IN ELK-DESA ("ELK-DESA SHARE(S)" OR "SHARE(S)") ON THE BASIS OF 1 NEW ELK-DESA SHARE FOR EVERY 2 EXISTING ELK-DESA SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED AT A LATER DATE ("PROPOSED BONUS ISSUE")

On behalf of the Board of Directors of ELK-Desa, MIDF Amanah Investment Bank Berhad wishes to announce that the Company proposes to undertake an issuance of 151,603,559 new ordinary shares in ELK-Desa (“Bonus Shares") on the basis of 1 Bonus Share for every 2 existing ELK-Desa Shares held on the entitlement date to be determined and announced at a later date. 

Further details of the Proposed Bonus Issue are set out in the attachment below.

This announcement is dated 16 November 2022.




Please refer attachment below.

Attachments

ELK-Desa Announcement (F).pdf
139.6 kB



Announcement Info

Company Name ELK-DESA RESOURCES BERHAD
Stock Name ELKDESA
Date Announced 16 Nov 2022
Category General Announcement for PLC
Reference Number GA1-15112022-00014




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