KUCHING: Borneo Oil Bhd has granted 1.375 billion options under its new Employees Share Option Scheme (ESOS) to eligible persons, including directors, as of Dec 31, 2024.
All options have been exercised at RM0.0059 each.
The latest exercise of 370 million options was on Jan 31.
Other options granted and exercised were 888.8 million on Jan 20, and 116.3 million on Jan 24, according to Borneo’s filings with Bursa Malaysia.
The new ESOS, established for up to 15 per cent of the company’s total issued shares (excluding treasury shares), follows the termination of the previous scheme.
A total of 1.5 billion options were offered, with a vesting period of three months.
Borneo, which owns and operates the SugarBun fast food chain, received shareholder approval at an extraordinary general meeting on Dec 19, 2024, for a bonus issue of up to 3.52 billion free warrants (Warrants E) on a one-for-four basis.
The entitlement date has yet to be announced, although Borneo previously indicated it would be in early January, with the listing and quotation date for Warrants E at the end of January.
The company said the bonus issue is “not only to reward existing shareholders for their loyalty and continuing support but also to strengthen the company’s financial position and capital base as the Warrants E may potentially provide additional working capital as and when these are exercised by the shareholders.”
Besides food and franchise operations, the Borneo group is involved in property investment and management, as well as resources and sustainable energy businesses.
In a separate corporate development, Dayang Enterprise Holdings Bhd has appointed Professor Dr Ho Poh Ling, 57, as an independent and non-executive director effective Feb 1.
Dr Ho, Dean of the Faculty of Business at Curtin University, Malaysia, holds a Bachelor of Commerce (accounting and finance) from the University of Western Australia (1992), a Master of Commerce (accounting) from the University of Charles Sturt, Australia (2002), a Graduate Certificate in Tertiary Teaching (2004), and a PhD in Accounting from Curtin University, Australia (2009).
“With over two decades of experience at Curtin, she has established herself as a thought leader in the fields of sustainability and business innovation. Her scholarly works have been widely recognised through numerous publications in the areas of corporate governance, corporate sustainability, sustainable finance, and entrepreneurship. She sits in the Management Board of Curtin University, Malaysia,” Dayang said.
