Attika Group (SGX:53W
) is planning for a one-for-one bonus share issue to enhance affordability and accessibility for investors. With this proposed bonus issue, the company’s total share base is expected to double to 269,752,000 shares.
Attika Group explains that this proposed bonus issue is being done to reward and give due recognition to shareholders for their loyalty and continued support.
This will also help attract a broader base of investors and potentially improve trading liquidity and overall market participation for the shares of Attika Group.
Assuming that the proposed bonus issue application was made on May 22, the lowest daily weighted average price in the one-month preceding May 22 would be 40.19 cents and accordingly, the theoretical ex-bonus price (TEBP) will be 20.1 cents.
Shares of Attika Group was unchanged at 42.5 cents on May 22.
