NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF POWERWELL (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME ("PROPOSED ESOS")
| POWERWELL HOLDINGS BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS |
| Description | POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY")
PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF POWERWELL (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME ("PROPOSED ESOS") |
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On behalf of the Board of Directors of Powerwell, UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) wishes to announce that the Company proposes to establish an ESOS of up to 15% of the total number of issued shares of the Company (“Powerwell Share(s)” or “Share(s)”) (excluding treasury shares, if any) at any point in time throughout the duration of the Proposed ESOS to the eligible Directors and employees of Powerwell and its subsidiaries (“Powerwell Group” or the “Group”).
The Proposed ESOS seeks to reward and retain employees by granting equity participation, aligning their interests with shareholders, and motivating them to drive the Group’s performance and long-term growth through potential capital gains from Powerwell Shares.
Further details on the Proposed ESOS are set out in the attachment.
This announcement is dated 6 August 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | POWERWELL HOLDINGS BERHAD |
| Stock Name | PWRWELL |
| Date Announced | 06 Aug 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06082025-00043 |