Audience Analytics Proposes Exciting Bonus Share Issue for Shareholders

Audience Analytics Limited, a company incorporated in the Republic of Singapore, has announced a proposed bonus issue of up to 56,926,500 new ordinary shares. This bonus issue is to be offered on the basis of one bonus share for every three existing ordinary shares held by shareholders as of a record date yet to be determined by the directors.

Key Details of the Bonus Issue

As of the date of the announcement, the company has an issued and paid-up share capital comprising 170,779,500 shares with no treasury shares or subsidiary holdings. The bonus shares will be issued under the share issue mandate, approved at the annual general meeting on 22 April 2024, allowing directors to issue new shares up to 100% of the total number of issued shares.

Implications for Shareholders

The bonus shares will be allotted and issued as fully paid at no cost to entitled shareholders, without the capitalization of company reserves. This issuance aims to recognize and reward shareholders for their support and enhance the trading liquidity of the shares. The increase in issued shares is expected to broaden the shareholder base and allow greater investor participation.

Regulatory Compliance and Approvals

The proposed bonus issue is contingent upon receiving approval from the Singapore Exchange Securities Trading Limited (SGX-ST) for listing and quotation on the Catalist Board. Additionally, the company must comply with Rule 838 of the SGX-ST Listing Manual, ensuring that the adjusted daily weighted average price, post-bonus issue, remains above S\$0.20. The company is confident in meeting these requirements.

Director and Shareholder Interests

The directors and substantial shareholders declare no direct or indirect interest in the proposed bonus issue beyond their roles as shareholders. The directors affirm the accuracy of the information provided in this announcement.

Cautionary Statement

Shareholders and potential investors are advised to exercise caution when trading shares, as the proposed bonus issue is still subject to necessary approvals. Consulting financial advisors is recommended for those uncertain about the action to take.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Shareholders and investors should seek the guidance of qualified professionals before making investment decisions.