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MULTIPLE PROPOSALS DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN" OR THE "COMPANY") (I) PROPOSED CAPITAL REDUCTION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

DOLPHIN INTERNATIONAL BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN" OR THE "COMPANY")
(I)	PROPOSED CAPITAL REDUCTION; 
(II) 	PROPOSED SHARE CONSOLIDATION; AND
(III) 	PROPOSED RIGHTS ISSUE
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of Dolphin, Mercury Securities Sdn Bhd wishes to announce that Dolphin proposes to undertake the following proposals:

 

(i) proposed reduction of Dolphin’s issued share capital pursuant to Section 117 of the Companies Act 2016 ("Proposed Capital Reduction");

 

(ii) proposed consolidation of every 10 existing ordinary shares in Dolphin ("Shares") into 1 consolidated Share ("Consolidated Share") ("Proposed Share Consolidation"); and

 

(iii) proposed renounceable rights issue of up to 253,505,508 Shares ("Rights Shares") together with up to 152,103,304 free detachable warrants ("Warrants-C") on the basis of 5 Rights Shares together with 3 Warrants-C for every 3 Consolidated Shares held on an entitlement date to be determined later ("Proposed Rights Issue").

 

Please refer to the attachement for further details of the Proposals.

 

This announcement is dated 11 Janaury 2023.


Please refer attachment below.

Attachments

1. Dolphin - Proposals (11.1.23)(Final).pdf
413.2 kB


Announcement Info

Company Name DOLPHIN INTERNATIONAL BERHAD
Stock Name DOLPHIN
Date Announced 11 Jan 2023
Category General Announcement for PLC
Reference Number GA1-11012023-00032




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