KUALA LUMPUR, YTL Corp Bhd and YTL Power International Bhd will be seeking their shareholders’ approval at upcoming annual general meetings (AGMs) to issue share options to employees associated with their directors.
In separate filings to Bursa Malaysia on Wednesday, YTL Corp said it intends to issue options to several employees linked to its directors within the group’s subsidiaries. Meanwhile, YTL Power noted that its proposal involves the issuance of options to one director-linked employee of the company.
Both proposals fall under their respective employees’ share option schemes (ESOS), which collectively allow for the allocation of up to 10% of each company’s issued share capital, subject to the schemes’ terms and conditions.
“The details of the proposed option issuances will be outlined in the respective AGM notices, which will be made available to shareholders in due course,” both companies said.
At market close on Wednesday, YTL Corp shares fell five sen or 1.96% to RM2.50, valuing the group at RM29.09 billion. YTL Power shares slipped eight sen or 2.04% to RM3.84, giving it a market capitalisation of RM33.32 billion.
