KUCHING: AIZO Group Bhd’s Executive Chairman, Datuk Abang Abdillah Izzarim Datuk Patinggi Abang Abdul Rahman Zohari, along with two other directors, has voluntarily surrendered the share options granted to them under the company’s Share Issuance Scheme (SIS) last November.
Izzarim, who was allocated 15,047,700 SIS options to subscribe for new ordinary shares at RM0.1246 each on November 27, 2024, accepted the offer and paid RM1 as a non-refundable consideration on December 6, 2024.
However, he surrendered all the options on July 22, 2025, AIZO said in a Bursa Malaysia filing.
The company’s shares are currently trading between 7.5 sen and 8 sen.
Two other directors – Ahmad Rahizal Datuk Ahmad Rasidi and Emma Yazmeen Yip Mohd Jeffrey Yip – also surrendered their options, totalling 13,598,000 each.
Aiezatt Syamir Ghazali gave up 1 million options.
In a separate statement, AIZO said other eligible individuals – including directors, persons connected to directors, and employees – have also indicated their intention to surrender their remaining unexercised SIS options.
The total options voluntarily returned amount to 45,923,700.
Meanwhile, shareholders of Ocean Vantage Holdings Bhd (OVH) have approved the proposed issuance of over 209.9 million free warrants at the company’s extraordinary general meeting (EGM) on July 21.
The distribution will be on the basis of one warrant for every two existing ordinary shares held.
Following shareholder approval, the board fixed the exercise price of the warrants at RM0.25, representing a premium of RM0.0586 or 30.62 per cent to the five-day volume-weighted average price (5D-VWAP) of RM0.1914 up to and including July 21 – the last trading day before the price-fixing date.
OVH executed the deed poll constituting the warrants on July 22. The ex-date for the free warrants has been set for August 4, 2025.