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TalkMed proposes bonus issue to improve trading liquidity
TALKMED Group on Wednesday has proposed a bonus issue of over 657 million new ordinary shares in its share capital to its shareholders.
This is on the basis of one bonus share for every one existing ordinary share in the share capital of the company held by shareholders as at a time and date to be determined by the board.
The bonus shares will be issued as fully paid at no cost to entitled shareholders without capitalisation of the company's reserves.
The group said that it is proposing the bonus issue to increase the issued share capital base of the company, to recognise and reward shareholders for their continuing support of and loyalty, as well as to improve the trading liquidity of the shares, allowing for greater participation by investors and broadening the company's shareholder base.