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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES UOA DEVELOPMENT BHD ("UOA DEVELOPMENT" OR THE "COMPANY") DIVIDEND REINVESTMENT SCHEME THAT PROVIDES THE SHAREHOLDERS OF UOA DEVELOPMENT THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND IN NEW ORDINARY SHARES IN UOA DEVELOPMENT ("DRS")

UOA DEVELOPMENT BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
UOA DEVELOPMENT BHD ("UOA DEVELOPMENT" OR THE "COMPANY")

DIVIDEND REINVESTMENT SCHEME THAT PROVIDES THE SHAREHOLDERS OF UOA DEVELOPMENT THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND IN NEW ORDINARY SHARES IN UOA DEVELOPMENT ("DRS")

We refer to the announcements dated 29 May 2024 and 4 June 2024 in relation to the DRS (“Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.

 

The shareholders of UOA Development had, at the Company’s Twentieth (20th) Annual General Meeting held on 28 May 2024 approved the Final Dividend and authorised the Company to allot and issue such number of new ordinary shares in UOA Development (“New Shares”) pursuant to the DRS.

 

On behalf of the Board, Kenanga IB is pleased to announce that the issue price for the New Shares to be issued pursuant to the DRS has been fixed on 5 June 2024 (“Price Fixing Date”) at RM1.69 per New Share (“Issue Price”).

 

The Issue Price was arrived at based on the five (5)-market day volume weighted average market price of the New Shares of RM1.9724, up to and including 4 June 2024, being the last trading day prior to the Price Fixing Date, adjusted for the Final Dividend and applying a discount of approximately 9.74%.

 

On behalf of the Board, Kenanga IB also wishes to announce that the book closure date for the Final Dividend and the DRS has been fixed on 24 June 2024.

 

Barring any unforeseen circumstances, the New Shares arising from the DRS will be listed on the Main Market of Bursa Securities on 24 July 2024.

 

This announcement is dated 5 June 2024.






Announcement Info

Company Name UOA DEVELOPMENT BHD
Stock Name UOADEV
Date Announced 05 Jun 2024
Category General Announcement for PLC
Reference Number GA1-05062024-00008



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