PETALING JAYA: Suria Capital Holdings Bhd is proposing a bonus issue of up to 58.28 million new ordinary shares on the basis of one bonus share for every five existing shares held on the entitlement date to be determined later.
In a filing with Bursa Malaysia yesterday, the port operator said the proposed bonus issue would enable its shareholders to have greater participation in the company’s equity and improve the trading liquidity of Suria Capital.
As at Nov 15, the company said its share capital stood at RM288.18mil comprising 288.18 million shares and 3.21 million outstanding options granted under the employees’ share scheme (Esos).
Assuming that the outstanding Esos options are exercised prior to the implementation of the proposed bonus issue, Suria Capital said this would result in an enlarged issued share capital of up to RM368.33mil comprising 349.67 million shares.
“Barring any unforeseen circumstances and subject to all the requisite approvals being obtained, the proposed bonus issue is expected to be completed on or before Jan 31, 2019,” said Suria Capital.
RHB Investment Bank has been appointed as the principal adviser to the company for the proposed bonus issue.