General Announcement for PLC

07/04/2021

MULTIPLE PROPOSALS SAMAIDEN GROUP BERHAD ("SAMAIDEN" OR "COMPANY") (I) PROPOSED BONUS ISSUE OF WARRANTS; AND (II) PROPOSED SIS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

SAMAIDEN GROUP BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
SAMAIDEN GROUP BERHAD ("SAMAIDEN" OR "COMPANY")

(I) PROPOSED BONUS ISSUE OF WARRANTS; AND

(II) PROPOSED SIS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of Samaiden, Alliance Investment Bank Berhad wishes to announce that the Company proposes to undertake the following Proposals:

(i) Proposed bonus issue of 105,000,000 warrants (“Warrant(s)”) on the basis of 1 Warrant for every 2 existing ordinary shares in Samaiden (“Samaiden Share(s)” or “Shares”) held on an entitlement date to be determined and announced later (“Proposed Bonus Issue of Warrants”); and

(ii) Proposed establishment of a share issuance scheme of up to 10% of the total number of Samaiden Shares in issue (excluding treasury shares, if any) for eligible Directors and employees of the Company and its subsidiaries (“Proposed SIS”).

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

This announcement is dated 7 April 2021.


Please refer attachment below.


Announcement Info

Company Name SAMAIDEN GROUP BERHAD
Stock Name SAMAIDEN
Date Announced 07 Apr 2021
Category General Announcement for PLC
Reference Number GA1-06042021-00123


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