Equity Listing - Ordinary Shares::Allotment and issue of shares pursuant to exercise of Warrants

Issuer & Securities

Issuer/Manager
MDR LIMITED
Security Not Found
No
Security Name
MDR LIMITED
Security Short Name
MDR
ISIN
SG1N26909308
Stock Code
A27

Announcement Details

Announcement Title
Equity Listing - Ordinary Shares
Date &Time of Broadcast
17-Dec-2018 22:00:55
Status
New
Announcement Sub Title
Allotment and issue of shares pursuant to exercise of Warrants
Announcement Reference
SG181217OTHR4ILA
Submitted By (Co./Ind. Name)
Madan Mohan
Designation
Company Secretary
Description(Please provide a detailed description of the announcement in the box below)
The Board of Directors of mDR Limited (the "Company") wishes to announce that the issued share capital of the Company has increased from 54,094,123,489 ordinary shares to 64,923,277,197 ordinary shares by way of allotment and issuance of total 10,829,153,708 new ordinary shares on 17 December 2018 comprising:

(i) 10,826,153,708 new ordinary shares pursuant to the exercise of 10,826,153,708 Tranche 1 Warrants (W181217) at the exercise price of S$0.0010 for each new ordinary share; and

(ii) 3,000,000 new ordinary shares pursuant to the exercise of 3,000,000 Tranche 2 Warrants (W191217) at the exercise price of S$0.0011 for each new ordinary share.

The aforesaid new ordinary shares rank pari passu in all respects with the existing issued ordinary shares in the capital of the Company, and are expected to be listed and quoted on the Singapore Exchange Securities Trading Limited with effect from 19 December 2018.

The total outstanding Tranche 1 Warrants (W181217) that remained after the aforesaid exercise is 13,958,284,823. In accordance with the terms and conditions of the Tranche 1 Warrants, the subscription rights comprised in the Tranche 1 Warrants have expired at 5.00 p.m. on 17 December 2018 and Tranche 1 Warrants which have not been exercised have ceased to be valid for any purpose.

The total outstanding Tranche 2 Warrants (W191217) remaining after the aforesaid exercise is 49,688,567,677.

Listing Details

Form of Issue
Registered
Primary Listing
Yes
Country of Primary Listing
Singapore
Issue Date
17/12/2018
Listing Date
19/12/2018 09:00:00
Issue Currency
Singapore Dollar
Trading Currency
Singapore Dollar
Asset Class
Ordinary Shares

Agent Details

Registrar
Boardroom Corporate & Advisory Services Pte. Ltd.

Attachments

Issue_and_Allotment_of_Shares_Warrants_17December2018.pdf
Total size =131K