Electronic gaming machine supplier RGB International Bhd will issue 192,283,353 bonus shares today.
In a filing to Bursa Malaysia, RGB said that the bonus shares will be listed and quoted from 09:00 on Friday, 21 September after being traded and quoted earlier this week. The shares are issued on the basis of one bonus share for every seven existing RGB shares held as of 17:00 on Thursday 20 September.
RGB’s bonus issue will see the number of shares in the company grow from just over 1.34 billion to around 1.56 billion
In a previous filing, the company said that the bonus issue “serves to reward the existing shareholders of the company for their continued support to RGB and its subsidiaries.”
“After due consideration of the various options available, the board is of the view that the proposed bonus issue is an appropriate avenue for the company to reward its shareholders, as the proposed bonus issue will enable the existing shareholders to have greater participation in the equity of the company in terms of the number of RGB Shares held, whilst maintaining their percentage of equity interest,” RGB said.
It added that the share issue “is expected to enhance the marketability and trading liquidity of RGB shares on the Main Market of Bursa Securities.”
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