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NovaTech Seeks Shareholder Approval for Share Issuance Scheme of Up to 30% of Issued Shares
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NovaTech Seeks Shareholder Approval for Share Issuance Scheme of Up to 30% of Issued Shares
  • NovaTech will seek shareholder approval at an extraordinary general meeting for a share issuance scheme covering up to 30% of issued shares, excluding treasury shares.
  • Eligible directors and employees would receive options to subscribe for new shares under the scheme.
  • The scheme would run for five years, extendable to a maximum of 10 years without further shareholder approval.
  • Eligible directors and senior management would receive no more than 30% of shares available under the scheme.
  • Directors abstained from making a voting recommendation because of their interests in potential allocations.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nova Technology Services Berhad published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3717573) on October 22, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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