The Board of Directors of mDR Limited (the 'Company') wishes to announce that the issued share capital of the Company has increased from 78,254,318,261 ordinary shares to 79,379,763,219 ordinary shares by way of allotment and issuance of 1,125,444,958 new ordinary shares pursuant to the exercise of 1,125,444,958 Tranche 2 Warrants (W191217) at the exercise price of S$0.0011 for each new ordinary share on 16 December 2019. These new ordinary shares rank pari passu in all respects with the existing issued ordinary shares in the capital of the Company, and are expected to be listed and quoted on the Singapore Exchange Securities Trading Limited with effect from 18 December 2019.
The total outstanding Tranche 2 Warrants (W191217) remaining after the aforesaid exercise is 35,232,081,655.