MULTIPLE PROPOSALS SOLAR DISTRICT COOLING GROUP BERHAD ("SDCG" OR "COMPANY") (I) PROPOSED BONUS ISSUE OF WARRANTS; AND (II) PROPOSED EMPLOYEES' SHARE OPTION SCHEME (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| SOLAR DISTRICT COOLING GROUP BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | SOLAR DISTRICT COOLING GROUP BERHAD ("SDCG" OR "COMPANY")
(I) PROPOSED BONUS ISSUE OF WARRANTS; AND
(II) PROPOSED EMPLOYEES' SHARE OPTION SCHEME
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
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This announcement is dated 13 February 2026.
Reference is made to the Company’s first announcement dated 30 December 2025 in relation to the Proposals (“First Announcement”). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the First Announcement.
On behalf of the Board of SDCG, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 13 February 2026, resolved to approve the following:
(i) admission of the Warrants to the Official List of Bursa Securities and the listing of and quotation of 211,911,230 Warrants to be issued pursuant to the Proposed Bonus Issue of Warrants;
(ii) listing and quotation for 211,911,230 new SDCG Shares to be issued pursuant to the exercise of the Warrants; and
(iii) listing and quotation of such number of new SDCG Shares, representing up to 10.0% of SDCG's total number of issued shares (excluding treasury shares, if any) that may be allotted and issued at any point in time pursuant to the exercise of the ESOS Options pursuant to the Proposed ESOS.
The approval granted by Bursa Securities for the Proposed Bonus Issue of Warrants is subject to the following conditions:
(i) SDCG and Malacca Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue of Warrants.
(ii) SDCG and Malacca Securities to inform Bursa Securities upon the completion of the Proposed Bonus Issue of Warrants.
(iii) SDCG to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue of Warrants is completed.
(iv) SDCG to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.
(v) The Warrants and new SDCG Shares to be issued arising from the exercise of the Warrants pursuant to the Proposed Bonus Issue of Warrants to any persons whose Shares are subject to moratorium pursuant to Rule 3.19(1) of the Listing Requirements shall be subject to the same moratorium.
The approval granted by Bursa Securities for the Proposed ESOS is subject to the following conditions:
(i) Malacca Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Rule 6.44(1) of the Listing Requirements and stating the effective date of implementation, together with a certified true copy of the resolution passed by the shareholders in general meeting;
(ii) SDCG is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed ESOS as at the end of each quarter together with a detailed computation of listing fees payable; and
(iii) the new SDCG Shares to be issued arising from the exercise of the ESOS Options pursuant to the Proposed ESOS to any persons whose Shares are subject to moratorium pursuant to Rule 3.19(1) of the Listing Requirements shall be subject to the same moratorium.
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Announcement Info
| Company Name | SOLAR DISTRICT COOLING GROUP BERHAD |
| Stock Name | SDCG |
| Date Announced | 13 Feb 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13022026-00081 |