On behalf of XDL, AmInvestment Bank Berhad wishes to announce that the shareholders of XDL have approved all the following resolutions (as set out in the Notice of SGM of the Company dated 27 February 2012) at the SGM held at Mahkota 3, Hotel Istana Kuala Lumpur, 73, Jalan Raja Chulan, 50200 Kuala Lumpur today:-
(i) Ordinary Resolution 1 in relation to the proposed bonus issue of up to 241,999,945 new ordinary shares of US$0.10 each in the company (“Shares”) (“Bonus Shares”), to be credited as fully paid-up at par, on the basis of one (1) Bonus Share for every two (2) existing Shares held by the entitled shareholders of the Company (“Entitled Shareholders”) on an entitlement date to be determined by the Board of Directors of the Company (“Board”) and announced later (“Proposed Bonus Issue”);
(ii) Ordinary Resolution 2 in relation to the proposed renounceable rights issue of up to 241,999,945 warrants in the company (“Warrants”), at an issue price of RM0.05 per Warrant, on the basis of one (1) Warrant for every two (2) Shares held by the Entitled Shareholders on an entitlement date to be determined by the Board and announced later (“Proposed Rights Issue of Warrants”); and
(iii) Ordinary Resolution 3 in relation to the proposed increase in the authorised share capital of XDL from US$50,000,000 comprising 500,000,000 Shares to US$300,000,000 comprising 3,000,000,000 Shares (“Proposed Increase in Authorised Share Capital”).
This announcement is dated 13 March 2012.