Vetece Proposes Bonus Issue of Up to 130,666,666 Warrants on 1-for-3 Basis
Bitget2026/11/02 10:15- Vetece Holdings will seek shareholder approval at an extraordinary general meeting for a bonus issue of up to 130,666,666 warrants.
- Shareholders would receive one free warrant for every three existing shares; the warrants would have a five-year term.
- A proposed employees' share option scheme would cover up to 10% of issued ordinary shares, excluding treasury shares.
- Separate votes will cover allocations to Tee Chee Chiang and Chan Wai Hoong, each capped at 10% of total scheme options.
- The board, excluding interested directors on the scheme and their allocations, considers the proposals in the company's best interest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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