OPTIMAX (0222) OPTIMAX HOLDINGS BERHAD proposes one-for-one bonus issue

OPTIMAX (0222) OPTIMAX HOLDINGS BERHAD proposes one-for-one bonus issue

KUALA LUMPUR (Feb 14): Optimax Holdings Bhd has proposed a bonus issue of up to 405 million shares on the basis of one bonus share for every existing share held.

In a bourse filing, the eye specialist service provider said the entitlement date will be announced later, after all approvals for the bonus issue have been obtained.

The group said the maximum number of 405 million of bonus issue shares was based on its existing 270 million issued shares, 67.5 million warrants, as well as its employee’s share option scheme (ESOS) which shall not exceed the aggregate 20% of the total number of issued shares of the company of 67.5 million ESOS options.

Optimax said the theoretical ex-bonus price of 59 sen was based on the five day volume-weighted average market price of RM1.78.

The bonus issue is expected to be completed in the second quarter of 2022.

Optimax’s share price closed up 3.5 sen or 4.43% at RM1.18 on Monday (Feb 14), giving the group a market capitalisation of RM318.6 million.

http://www.theedgemarkets.com/article/optimax-proposes-oneforone-bonus-issue