MOG Digitech to adopt new share schemes, end old option plan

MOG Digitech Holdings Limited announced plans to adopt the "2025 Share Schemes" and terminate its existing First Share Option Scheme to comply with the updated Chapter 17 of the Listing Rules, effective January 1, 2023. The new schemes, comprising a share award scheme and a share option scheme, are subject to shareholder approval at an upcoming AGM/EGM. The company intends to grant options and/or awards as retention incentives, capping the total number of shares issued under all schemes at 10% of the issued shares. As of April 1, 2025, the company has 1,000,000,000 shares in issue, with a potential issue of up to 100,000,000 new shares under the scheme mandate limit. Existing options granted under the First Share Option Scheme will remain exercisable according to their original terms. The company will refrain from granting further options under the old scheme until the AGM/EGM date. The Stock Exchange has been asked to approve the listing of, and permission to deal in, the shares to be issued by the company to any Grantee pursuant to the terms and conditions of the 2025 Share Schemes.