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BORNOIL: I. PROPOSED BONUS ISSUE OF UP TO 3,520,107,297 FREE WARRANTS IN BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY") ("WARRANT(S) E") ON THE BASIS OF 1 WARRANT E FOR EVERY 4 EXISTING ORDINARY SHARES IN BORNOIL ("BORNOIL SHARE(S)" OR "SHARE(S)") HELD BY THE ENTITLED SHAREHOLDERS WHOSE NAMES APPEAR IN THE COMPANY'S RECORD OF DEPOSITORS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF WARRANTS"); AND II. PROPOSED ESTABLISHMENT OF NEW EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF BORNOIL (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME OVER THE DURATION OF THE NEW ESOS ("PROPOSED NEW ESOS")
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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