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
Market to be Listed
MAINBOARD

Announcement Details

Announcement Title
Equity Listing - Ordinary Shares
Date &Time of Broadcast
17-Dec-2019 21:43:34
Status
New
Announcement Sub Title
Allotment and issue of shares pursuant to exercise of Warrants
Announcement Reference
SG191217OTHR9JF9
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 79,379,763,219 ordinary shares to 90,707,739,719 ordinary shares by way of allotment and issuance of 11,327,976,500 new ordinary shares pursuant to the exercise of 11,327,976,500 Tranche 2 Warrants (W191217) at the exercise price of S$0.0011 for each new ordinary share on 17 December 2019. These 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 2019.

The total outstanding Tranche 2 Warrants (W191217) that remained after the aforesaid exercise is 23,904,105,155. In accordance with the terms and conditions of the Tranche 2 Warrants, the subscription rights comprised in the Tranche 2 Warrants have expired at 5.00 p.m. on 17 December 2019 and Tranche 2 Warrants which have not been exercised have ceased to be valid for any purpose.

Listing Details

Form of Issue
Registered
Primary Listing
Yes
Country of Primary Listing
Singapore
Issue Date
17/12/2019
Listing Date
19/12/2019 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