SUBANG JAYA: Main Market-listed engineering group AWC Berhad (AWC) has concluded its Extraordinary General Meeting (EGM), approving key proposals to benefit shareholders and employees. The EGM saw the green light for an employee share option scheme (ESOS) of up to 15% of total issued shares for eligible directors and employees, a bonus issue of up to 84.8 million free warrants on a 1-for-4 basis for shareholders, and authority for a share buy-back of up to 10% of the company’s issued shares.
Group CEO Datuk Ahmad Kabeer Mohamed Nagoor said the bonus warrants give shareholders a cost-free opportunity to increase their equity participation in the group while potentially benefiting from capital appreciation. He added that proceeds from exercised warrants would provide additional funds for working capital without incurring interest costs. The ESOS is intended to reward and retain employees, aligning their interests with shareholders and offering potential capital gains.
The Board will set the exercise price of the warrants later, targeting a 20–30% premium over the five-day volume weighted average share price. Completion of the proposals is expected in the first quarter of 2026, subject to all approvals and any unforeseen circumstances.
