LATITUD

4.370

+0.18 (+4.3%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR "COMPANY") (I) PROPOSED BONUS ISSUE; AND (II) PROPOSED ESS (COLLECTIVELY REFERRED TO AS "PROPOSALS")

LATITUDE TREE HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description
LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR "COMPANY")

(I) PROPOSED BONUS ISSUE; AND
(II) PROPOSED ESS

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

This announcement is dated 17 December 2020 ("Announcement").

 

On behalf of the Board of Directors of LTHB (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that LTHB is proposing to undertake the following proposals:-

 

(I) proposed bonus issue of up to 97,155,000 new ordinary shares in LTHB (“LTHB shares”) on the basis of 1 bonus share for every 1 existing LTHB share held on an entitlement date to be determined and announced later (“Proposed Bonus Issue”); and

 

(II) proposed establishment of an employees’ share scheme (“ESS”) of up to 10% of the total issued share capital of LTHB (excluding treasury shares, if any) at any point in time during the duration of the scheme for eligible Directors and employees of LTHB and its subsidiaries (“LTHB Group”) ("Proposed ESS").

 

Please refer to the attached file for futher details of the Proposals.




Please refer attachment below.



Announcement Info

Company Name LATITUDE TREE HOLDINGS BERHAD
Stock Name LATITUD
Date Announced 17 Dec 2020
Category General Announcement for PLC
Reference Number GA1-17122020-00021