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MULTIPLE PROPOSALS CLASSIC SCENIC BERHAD ("CSCENIC" OR "COMPANY") (I) PROPOSED BONUS ISSUE OF SHARES WITH WARRANTS; AND (II) PROPOSED ESOS (COLLECTIVELY, THE "PROPOSALS")

CLASSIC SCENIC BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
CLASSIC SCENIC BERHAD ("CSCENIC" OR "COMPANY")

(I)	PROPOSED BONUS ISSUE OF SHARES WITH WARRANTS; AND
(II)	PROPOSED ESOS

(COLLECTIVELY, THE "PROPOSALS")

On behalf of the Board of Directors of CSCENIC (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company is proposing to undertake the following proposals:

 

1. proposed bonus issue of 120,499,740 Bonus Shares together with 120,499,740 Warrants, on the basis of 1 Bonus Share together with 1 Warrant for every 1 existing Share held on by the shareholders of the Company whose names appear in the Record of Depositors of the Company on an entitlement date to be determined and announced later (“Entitled Shareholders”) (“Entitlement Date”) (“Proposed Bonus Issue of Shares with Warrants”); and

 

2. proposed establishment of an employees’ share option scheme (“ESOS”) involving up to 15% of the total number of issued shares of CSCENIC (excluding treasury shares, if any) for eligible directors and employees of the Company and its subsidiaries (“CSCENIC Group” or the “Group”) (“Proposed ESOS”).

 

Kindly refer to the attachment on further details of the Proposals.

 

This announcement is dated 31 March 2021.




Please refer attachment below.

Attachments

CSCENIC - Proposals.pdf
432.0 kB



Announcement Info

Company Name CLASSIC SCENIC BERHAD
Stock Name CSCENIC
Date Announced 31 Mar 2021
Category General Announcement for PLC
Reference Number GA1-30032021-00127