General Announcement for PLC

08/11/2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES VITROX CORPORATION BERHAD ("VITROX" OR "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED SGS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

VITROX CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description 
VITROX CORPORATION BERHAD ("VITROX" OR "COMPANY")

(I) PROPOSED BONUS ISSUE; AND

(II) PROPOSED SGS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the board of directors of ViTrox, Affin Hwang Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:

(i) bonus issue of up to 472,431,300 new ordinary shares in ViTrox (“ViTrox Share(s)”) (“Bonus Share(s)”) on the basis of 1 Bonus Share for every 1 existing ViTrox Share held by the shareholders whose names appear in the Record of Depositors as at the close of business on an entitlement date to be determined and announced later (“Proposed Bonus Issue”); and

(ii) establishment of an employees’ share grant scheme of up to 5% of the total number of issued shares of the Company (excluding treasury shares, if any) at any point of time during the duration of the scheme for the eligible executive directors and employees of ViTrox and its subsidiary companies (excluding subsidiary companies which are dormant, if any) (“Proposed SGS” or “Scheme”).

Please refer to the attachment for further details of the Proposals.


This announcement is dated 8 November 2021.


Please refer attachment below.


Announcement Info

Company Name VITROX CORPORATION BERHAD
Stock Name VITROX
Date Announced 08 Nov 2021
Category General Announcement for PLC
Reference Number GA1-08112021-00031


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