General Announcement for PLC

29/08/2022

MULTIPLE PROPOSALS M N C WIRELESS BERHAD ("MNC" OR THE "COMPANY") (I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY, THE "PROPOSALS")

M N C WIRELESS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
M N C WIRELESS BERHAD ("MNC" OR THE "COMPANY")

(I) PROPOSED SHARE CONSOLIDATION; AND
(II) PROPOSED BONUS ISSUE OF WARRANTS

(COLLECTIVELY, THE "PROPOSALS")

On behalf of the Board of Directors of MNC (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:

(i)         proposed consolidation of every 10 existing ordinary shares in MNC (“MNC Shares” or “Shares”) into 1 MNC Share (“Consolidated Shares”) (“Proposed Share Consolidation”); and

(ii)         proposed bonus issue of up to 94,734,940 new warrants in MNC (“Warrants C”) on the basis of 3 Warrants C for every 8 Consolidated Shares held on an entitlement date to be determined and announced later (“Proposed Bonus Issue of Warrants”).

(collectively, the “Proposals”)

Further details of the Proposals are set out in the attachment below.

This announcement is dated 29 August 2022.


Please refer attachment below.


Announcement Info

Company Name M N C WIRELESS BERHAD
Stock Name MNC
Date Announced 29 Aug 2022
Category General Announcement for PLC
Reference Number GA1-29082022-00039


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