RB Patel Limited: Share Split Of 30,000,000

RB Patel Group Limited (RBG) announced the approval of the share split of 30,000,000 to a ratio of 1:5; that is 5 shares for each existing share.

All necessary regulatory approvals have been obtained for the share split and is in accordance with the ordinary resolution passed by the shareholders at the company’s Annual General Meeting.

RBG will voluntary suspend trading on the South Pacific Stock Exchange Board from 29 October – 12 November 2019 to give Central Share Registry Pte Limited the time required to conduct the share split process and issue new shareholding statements to all RBG shareholders.

The suspension will be uplifted before pre-opening session of share trading on 13 November, 2019. The record date for the share split is 29 October, 2019 and any orders on the market as at the end of 25 October, 2019 will be automatically withdrawn from the market to allow the share split process to take place.