KUALA LUMPUR: Lianson Fleet Group Bhd (LFG) has proposed a bonus issue of up to 123.7 million Warrants B on the basis of one for every 10 LFG shares held, along with the establishment of an employees’ share scheme (ESS) covering up to 10 per cent of its total issued shares.
In a statement today, it said these initiatives are to reward shareholders and align employees’ interests with the group’s long-term goals.
The exercise price for each warrant will be determined later, based on the five-day volume-weighted average price (VWAP) of LFG shares before the price-fixing date.
Assuming all the warrants are exercised at an indicative price of RM2.198 each, being the five-day VWAP preceding the announcement, LFG expects to raise gross proceeds of RM271.9 million, to be allocated towards future working capital.
The ESS will benefit executive directors and eligible employees selected by the ESS committee, allowing them to receive share options or awards. The scheme aims to reward employees and encourage participation in the group’s growth.
Barring unforeseen circumstances, the proposed bonus issue and establishment of the ESS are expected to be completed and effective by the first quarter of 2026.
LFG executive chairman Lim Chern Wooi said these initiatives are important in strengthening the bond between shareholders and employees.
The proposed bonus issue provides shareholders the opportunity to participate in LFG’s growth prospects at no additional cost, underscoring their confidence in the group’s long-term fundamentals, and aims to enhance overall shareholder returns.
The ESS complements this initiative by allowing employees to share directly in the group’s success.
"Through this scheme, we hope to inspire greater ownership, motivation, and commitment across the organisation,” said Lim. - Bernama
