KUALA LUMPUR: Notion VTec Bhd has proposed to issue up to 34.3 million free warrants on the basis of one warrant for every 10 shares held in the company. The entitlement date and exercise price of the warrants are yet to be determined by the company. "After due consideration, the Board is of the view that the Proposed Free Warrants Issue is an appropriate avenue to reward the shareholders of the Company," it said in its announcement to Bursa Malaysia on Monday. Assuming all the relevant approvals are obtained, the group expects the proposed issue to be completed in the first quarter of 2018. Notion VTec rose 5.5 sen to 64 sen in Monday morning trade on the back of 6.94 million shares done.

Source: The Star December 18, 2017 06:10 UTC