MyMBN plans one-for-two bonus warrants and employee share options
Full exercise of the proposed warrants could generate RM36.7 million for working capital, with an exercise price set at 19 sen.
MyMBN Bhd has proposed issuing up to 193 million bonus warrants on a one-for-two basis, together with an employees’ share option scheme (ESOS), according to its bourse filing. Both proposals require approval from shareholders and Bursa Malaysia.
The bird’s nest processor and seller said the warrants would have a three-year tenure and an exercise price of 19 sen. That price is a 19.7% premium over its five-day volume-weighted average market price, which stood at 15.88 sen up to Nov 2.
If every warrant is exercised, gross proceeds could reach RM36.7 million. MyMBN said the funds would support working capital, covering purchases of raw bird’s nests, salaries, operational and administrative expenses, as well as selling and distribution costs.
Under the proposed ESOS, eligible directors and employees could receive options involving new shares representing up to 30% of the company’s total issued shares. MyMBN said its issued share count could rise from 386 million to 752.7 million if both the warrants and ESOS options are exercised in full.
The company expects to complete the proposals by the first quarter of 2027. It has appointed Mercury Securities Sdn Bhd as principal adviser.
