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

UWC BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
UWC BERHAD ("UWC" OR "COMPANY")

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

(COLLECTIVELY REFERRED TO AS PROPOSALS)

On behalf of the Board of Directors of UWC (“Board”), Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that the Company proposes to undertake the following:

 

(i) bonus issue of up to 183,400,001 new ordinary shares in UWC (“UWC Share(s)” or “Share(s)”) (“Bonus Share(s)”) on the basis of one (1) Bonus Share for every two (2) existing UWC Shares held on an entitlement date to be determined and announced later (“Entitlement Date”) (“Proposed Bonus Issue”); and

 

(ii) establishment of an employees’ share grant scheme of up to ten percent (10%) 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 UWC and its subsidiary companies (“UWC Group” or “Group”) (excluding subsidiary companies which are dormant, if any) (“Proposed SGS” or “Scheme”).

 

Please refer to the attachment for further details.


This announcement is dated 15 November 2019.




Please refer attachment below.



Announcement Info

Company Name UWC BERHAD
Stock Name UWC
Date Announced 15 Nov 2019
Category General Announcement for PLC
Reference Number GA1-15112019-00014