MULTIPLE PROPOSALS SAUDIGOLD GROUP BERHAD (FORMERLY KNOWN AS SAUDEE GROUP BERHAD) (“SGB” OR THE “COMPANY”) (I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY, THE “PROPOSALS”)
| SAUDIGOLD GROUP BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | SAUDIGOLD GROUP BERHAD (FORMERLY KNOWN AS SAUDEE GROUP BERHAD) (“SGB” OR THE “COMPANY”) (I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY, THE “PROPOSALS”) |
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On behalf of the Board of Directors of SGB (“Board”), M & A Securities Sdn Bhd (“M & A Securities”) wishes to announce that the Company proposes to undertake the following:
a) proposed consolidation of every 10 existing ordinary shares in SGB (“SGB Share(s)” or “Share(s)”) (“Existing Share(s)”) held by the shareholders of SGB (“Share Consolidation Entitled Shareholder(s)”) into 1 SGB Share (“Consolidated Share(s)”) on an entitlement date to be determined and announced later (“Share Consolidation Entitlement Date”), (“Proposed Share Consolidation”); and
b) proposed renounceable rights issue of up to 312,334,662 new Shares (“Rights Share(s)”) together with up to 156,167,331 free detachable Warrants C in SGB (“Warrant C (s)”) on the basis of 2 Rights Shares for every 1 Consolidated Share held by the shareholders of SGB (“Rights Entitled Shareholder(s)”), together with 1 Warrant C for every 2 Rights Shares subscribed by the Rights Entitled Shareholders at an issue price and on an entitlement date to be determined and announced by the Board at a later date (“Rights Entitlement Date”) (“Proposed Rights Issue with Warrants”).
(Collectively, the “Proposals”)
Kindly refer to the attachment for details of the announcement.
This announcement is dated 13 March 2025.
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Please refer attachment below.
Announcement Info
| Company Name | SAUDIGOLD GROUP BERHAD |
| Stock Name | SG |
| Date Announced | 13 Mar 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13032025-00029 |