Audience Analytics Secures Approval for Bonus Share Issuance – What It Means for Shareholders

Audience Analytics Limited, a Singapore-based company, has announced that it has received in-principle approval from the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing and quotation of up to 56,926,500 bonus shares on the Catalist Board. This development stems from the company’s earlier announcement on 20 December 2024 regarding its proposed bonus issue.

Key Highlights

• SGX-ST granted in-principle approval for the bonus share issuance on 7 January 2025.
• The listing of bonus shares is subject to two conditions:
  • Compliance with SGX-ST’s listing requirements.
  • Submission of written confirmation that the issuance complies with the relevant Companies Act (or equivalent).
• The approved issuance involves 56,926,500 shares, which could significantly increase the company’s share liquidity.
• The company has emphasized that the SGX-ST’s approval should not be interpreted as an endorsement of the merits of the bonus shares, the company, or its subsidiaries.
• The record date for shareholder entitlements to the bonus shares will be announced soon.

What Shareholders Need to Know

This development is potentially price-sensitive, as the issuance of bonus shares often impacts share value. A bonus issue increases the number of shares in circulation, which can enhance liquidity but may dilute earnings per share (EPS). However, it is important to note that the intrinsic value of each share remains unchanged as the company’s market capitalization is unaffected.

Shareholders should stay tuned for further updates regarding the record date to determine their entitlement to these bonus shares. The company’s compliance with SGX-ST’s requirements and the Companies Act will be crucial for the successful execution of this issuance.

Potential Impact on Share Price

While bonus issues are generally seen as a positive signal of a company’s confidence in its future performance, the actual impact on Audience Analytics’ share price will depend on market sentiment and the perceived value of the bonus shares. Investors should monitor announcements closely and evaluate how this development aligns with their investment strategy.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own due diligence or consult a financial advisor before making any investment decisions. Audience Analytics Limited’s sponsor, ZICO Capital Pte. Ltd., has reviewed the announcement, but the SGX-ST assumes no responsibility for the accuracy of the information contained therein.

Contact information for the company’s sponsor: Ms. Leong Huey Miin, ZICO Capital Pte. Ltd., 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.