News

On behalf of the Board of Directors of Focus Point, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that the Company proposes to undertake the following:-

1. a bonus issue of up to 153,999,680 new ordinary shares in Focus Point ("Bonus Share(s)") on the basis of 1 Bonus Share for every 3 existing ordinary shares in Focus Point ("Focus Point Share(s)" or "Share(s)") held by the shareholders of Focus Point whose names appear in the Company's record of depositors on an entitlement date to be determined and announced later, upon the receipt of all relevant approvals ("Proposed Bonus Issue of Shares");
2. the establishment of a dividend reinvestment plan ("DRP"), which will provide shareholders of Focus Point ("Shareholder(s)") with an option to elect, in whole or in part, to reinvest their cash dividend as may be declared by Focus Point, which includes any interim, final, special or other types of cash dividend in new Focus Point Shares ("Proposed DRP"); and
3. the establishment of a share grant plan ("SGP") of up to 10% of the total number of issued Focus Point Shares (excluding treasury shares, if any) at any point in time during the duration of the SGP for the eligible executive Directors and employees of Focus Point and its subsidiaries ("Focus Point Group" or the "Group") (excluding subsidiaries which are dormant, if any) ("Proposed SGP").

The Proposed Bonus Issue of Shares reflects the Group's continuous commitment towards enhancing Shareholders' value and recognition of the long-term support of the Shareholders, whilst the Proposed DRP is aimed to not only reward the Shareholders but also offer an additional avenue for the Shareholders to increase their equity stake in the Company.

In addition to the above, the Company also intends to cultivate a sense of ownership amongst its employees and foster a motivated workforce through the Proposed SGP. This initiative aims to emphasise on performance excellence and adoption of sustainable practices that contributes to growth and governance as well as to support the Group's ongoing efforts to attract and retain talent.

Further details of the Proposals are set out in the attachment below.

This announcement is dated 17 March 2025.