REPL::Share Consolidation::Mandatory

Issuer & Securities

Issuer/ Manager
NEXT-GENERATION SATELLITE COMMUNICATIONS LIMITED
Security
NEXT-GEN SATELLITE COMM LTD - SG1I31881119 - B07

Announcement Details

Announcement Title
Share Consolidation
Date &Time of Broadcast
05-Apr-2016 18:56:15
Status
Replacement
Corporate Action Reference
SG160301SPLR4BDK
Submitted By (Co./ Ind. Name)
Ku Vicente. S
Designation
Managing Director and Chief Executive Officer

Event Narrative

Narrative Type
Narrative Text
Additional Text(A) EXTENSION OF TIME TO MEET THE MINIMUM TRADING PRICE REQUIREMENT OF S$0.20 ("MTP REQUIREMENT")
Additional Text(B) PROPOSED SHARE CONSOLIDATION OF EVERY HUNDRED (100) EXISTING ISSUED ORDINARY SHARES IN THE CAPITAL OF NEXT-GENERATION SATELLITE COMMUNICATIONS LIMITED HELD BY SHAREHOLDERS AS AT A BOOKS CLOSURE DATE TO BE DETERMINED, INTO ONE (1) ORDINARY SHARE, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED (THE "PROPOSED SHARE CONSOLIDATION")
Additional TextRESPONSE FROM SGX

Disbursement Details

Existing Security Details
New Security Details
Security not found
No
Distribution Ratio (New: Old)
1:100

Attachments

Extension.pdf
NGSCL_Annc_Share_Consol_SGX Ruling_050416.pdf
Total size =175K

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