Hold tight, time will come. Some taking profit for penny cents...biasalah. 2nd contract worth 16mil, not a big amount but still good enough and reflect abang izzarin continues effort to turn minetec into profitable company soon. Mark my words, more good news to come this year and next year..🚀🚀🚀🚀
Share Issuance Scheme means a scheme involving allotment and issuance or transfer of shares and/or grant of options, whether physically settled or otherwise, to subscribe for or purchase shares of the Company to eligible Directors, Officers and/or employees.
The Proposed Granting of Options under the Share Issuance Scheme to the Directors and Persons connected to the Directors of a company refers to a plan where the company offers stock options to its directors and individuals who have a close relationship with the directors (such as family members, business associates, or others with a significant connection).
Here are some key points:
• Stock Options: These are rights given to directors and connected persons to buy shares of the company at a future date for a predetermined price, often referred to as the "exercise" or "strike" price.
• Purpose: This scheme aims to align the interests of directors and connected persons with those of the shareholders, incentivizing them to work towards increasing the company's share value.
• Approval: Such schemes typically require approval from the company's board of directors and, in many cases, the shareholders.
• Regulations: There are often strict regulatory guidelines and disclosure requirements to ensure transparency and prevent conflicts of interest or undue advantage.
• Terms and Conditions: The specific terms, such as the number of options, the exercise price, the vesting period, and any performance criteria, are usually detailed in the scheme's documentation.
• Disclosure: Companies are generally required to disclose details of these grants in their financial statements or annual reports, ensuring shareholders are informed of any potential dilution of their shares and the incentives provided to key personnel.
In summary, the Proposed Granting of Options under the Share Issuance Scheme is a strategic move to motivate directors and connected persons by providing them with the opportunity to benefit directly from the company's future success.
I think Aiezatt Syamir (the last person that list under SIS) is either a direct family member or a close friend of Abang. He is the owner of an investment company, if I'm not wrong.
there must be good news to be announced soon or mega projects are coming one by one, otherwise, the Directors and persons closest to the Directors will not request for Options to buy shares of the company at future dates . Buy the shares now and hold them firmly for several months, I am confident we all will make some profit. 😂😂😂
(i) to drive and motivate the Eligible Persons to work towards achieving the Group’s goals & objectives
(ii) to reward the Eligible Persons in recognition of their contribution to the operations & continued growth of the Group
(iii) to retain the Eligible Persons by giving them a sense of ownership, loyalty & belonging to the Group by enabling them to participate directly in the equity of the Company
(iv) to align the interests of the Eligible Persons with the interests of the Shareholders by providing an incentive for the Eligible Persons to participate in the future growth of the Group & motivating them towards achieving better performance
(v) provide a continuing incentive to the Eligible Persons without adversely affecting the cash flow of the Group
Folks, the Exercise Price of each new Share shall be determined by the SIS Committee & fixed based on the 5 day weighted average market price of the Shares, at the Date of Offer, with a discount of not more than 10%.
The Proposed SIS will not have an effect on the NA & gearing of the Group until such time when the SIS Options are granted and/or exercised.
Any potential effects on the NA & gearing of the Group from the Proposed SIS will depend on the number of SIS Options to be granted & exercised, & the Option Price.
Folks, probably Abg groups & proxies have been & still actively buying in the open market using "nibble strategy" as not to raise the price too high while maximizing other option such as SIS to acquire more shares as they are the only party who know the future potential growth for Aizo Group.
As I have mentioned before Minetech is in the accumulation phase, folks!
Pengyou, this share, stagnant or up for me it doesnt matter. Its better if it consolidate longer. This counter best represent Sarawak. Name also change to represent himself now relative also bring in. Naim2 in making. Zohari = Aizo.
Folks as per Bursa listing requirements for the Share Issuance Scheme, the total number of shares to be issued is not more than 15% (+-267,000,000) of its total number of issued shares & probably with a vesting period of 5 years to exercise the offer.
Once everything is in place to acquire more shares thru SIS at a 10% discounted based on the 5 day weighted average market price, only then a more positive announcements will surface thus creating value to the stakeholders, especially to the substantial majority shareholder & his proxies. 😀
As I have mentioned earlier time is on his side as he & his group have the knowledge of projects in the pipeline.
Once the date of SIS offer made known to Bursa, only then buying & selling transactions will be active in order to determine the 5 day weighted average market price.
The big question folks do you have money, patient & time for the AIZO to deliver as what Warren buffet said “the stock market is a device to transfer money from the impatient to the patient.” 😀
Yes that's true, 19 July. Sarawak took over Affin bank. Easy loan available for Minetech..why want to do right issue, share consolidation and etc etc. More good news rather than bad.
Another good news as Minetech currently working on Selinsing Gold Mine Project contract for a further 36 months, valued at RM230mil for waste removal, ore deliveries and associated works for open pit mining.
Wow! RM1.25 trillion worth of GOLD. Imagine if Minetech JV with Indon-company to harvest gold....kaya lor.
The Sarawak government had announced that it will carry out a full geological mapping of Sarawak in search of more precious minerals, after discovering about RM1.25 trillion worth of gold, rare earth, and other precious metals and mineral in 32% of the land that has been mapped.
So much "potential" speculation, everything also minetec can do but the share price still koyak. Is like another bumi business citaglobal, so much talk at the beginning but end of day, still koyak.
Same story la, if they think this stock confirm die then they will not waste their time here but look these people still comeback here and yell for the stock to die. Why? You know i know 😏 very obvious la
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wolfofbursa1
141 posts
Posted by wolfofbursa1 > 2024-07-04 10:40 | Report Abuse
Long term sure drop to 0.05 who hold for it