MULTIPLE PROPOSALS ANCOM BERHAD ("ANCOM" OR THE "COMPANY") I. PROPOSED BONUS ISSUE; AND II. PROPOSED ESOS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
ANCOM BERHAD ("ANCOM" OR THE "COMPANY")
I. PROPOSED BONUS ISSUE; AND
II. PROPOSED ESOS
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of Ancom, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that the Company proposes to undertake the following:-
(i) proposed bonus issue of up to 21,895,634 new ordinary shares in Ancom ("Ancom Share(s)" or "Share(s)") ("Bonus Share(s)") to be credited as fully paid-up on the basis of 1 Bonus Share for every 10 existing Ancom Shares held on an entitlement date to be determined later ("Proposed Bonus Issue"); and
(ii) proposed establishment of an employees' share option scheme ("ESOS") of up to 10% of the total number of issued shares of Ancom at any point in time ("Proposed ESOS").
Further details on the abovementioned Proposals are set out in the attachment enclosed.
This announcement is dated 26 July 2018.