KUALA LUMPUR: MUDAJAYA GROUP BHD [] has proposed a corporate exercise involving a bonus issue of up to 137.08 million new shares and the setting up of an employees' share option scheme (ESOS).
It said on Tuesday, March 8 the bonus issue would on the basis of one bonus share for every three shares held.
As for the ESOS, it would involve up to 10% of the issued and paid-up share capital for eligible employees of Mudajaya and its subsidiaries.
'The proposed bonus issue will be implemented by capitalising up to RM27.61 million from the company's share premium account (which includes estimated expenses of RM200,000 for the proposed bonus issue),' it said.
Based on Mudajaya's audited consolidated financial statements as at Dec 31, 2009, it has a share premium reserves amounting to RM63.11 million at both group and company level.
Based on the unaudited consolidated financial statements of Mudajaya as at Dec 31, 2010, Mudajaya's share premium reserves were RM232.57 million at both group and company level.
It said on Tuesday, March 8 the bonus issue would on the basis of one bonus share for every three shares held.
As for the ESOS, it would involve up to 10% of the issued and paid-up share capital for eligible employees of Mudajaya and its subsidiaries.
'The proposed bonus issue will be implemented by capitalising up to RM27.61 million from the company's share premium account (which includes estimated expenses of RM200,000 for the proposed bonus issue),' it said.
Based on Mudajaya's audited consolidated financial statements as at Dec 31, 2009, it has a share premium reserves amounting to RM63.11 million at both group and company level.
Based on the unaudited consolidated financial statements of Mudajaya as at Dec 31, 2010, Mudajaya's share premium reserves were RM232.57 million at both group and company level.
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