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Employee Stock Option/ Share Scheme::INCREASE IN ISSUED AND PAID-UP SHARE CAPITAL PURSUANT TO EXERCISE OF OPTIONS GRANTED UNDER THE ESOS
Employee Stock Option/ Share Scheme::INCREASE IN ISSUED AND PAID-UP SHARE CAPITAL PURSUANT TO EXERCISE OF OPTIONS GRANTED UNDER THE
About this update from Disa Limited
` DISA Limited (Company Registration No. 197501110N) (Incorporated in the Republic of Singapore) DISA EMPLOYEE SHARE OPTION SCHEME 2010 ("ESOS") INCREASE IN ISSUED AND PAID-UP SHARE CAPITAL IN THE COMPANY PURSUANT TO EXERCISE OF OPTIONS GRANTED UNDER THE ESOS 1. INCREASE IN SHARE CAPITAL The board of directors of the Company ("Board" or "Directors") refers to the announcement made by the Company on 15 June 2017 in relation to the receipt of the listing and quotation notice for the listing and quotation of the new ordinary shares in the capital of the Company ("ESOS Shares") which may be issued and allotted pursuant to the exercise of options granted under the ESOS approved by shareholders of the Company in October 2010 ("LQN Announcement"). Further to the LQN Announcement, the Board wishes to announce that the Company has, on 6 September 2021, increased its issued and paid-up share capital by S$136,000 from S$58,680,213.81 to S$58,816,213.81 via the allotment and issue of 68,000,000 ESOS Shares at S$0.002 each in the Company to Mr Chng Weng Wah, the Managing Director and Chief Executive Officer and substantial shareholder of the Company. Following the allotment and issuance of the ESOS Shares pursuant to the exercise of options granted under the ESOS, the total number of issued shares of the Company has increased from 10,038,683,403 to 10,106,683,403. The ESOS Shares shall rank pari passu in all respects with the existing shares of the Company. The ESOS Shares are expected to be listed and quoted on Catalist of the Singapore Exchange Securities Trading Limited with effect from 9.00 a.m., Wednesday, 8 September 2021. 2. RESPONSIBILITY STATEMENT The Directors collectively and individually accept full responsibility for the accuracy of the information given in this announcement and confirm after making all reasonable enquiries that to the best of their knowledge and belief, this announcement constitutes full and true disclosure of all material facts about the Group and the ESOS and the Board is not aware of any facts the omission of which would make any statement in this announcement misleading. Where information in this announcement has been extracted from published or otherwise publicly available sources or obtained from a named source, the sole responsibility of the directors has been to ensure that such information has been accurately and correctly extra...