MOG Digitech to Adopt New Share Schemes in Line with Regulatory Changes

MOG Holdings Limited ( (HK:1942) ) has provided an announcement.

MOG Digitech Holdings Limited has announced its intention to adopt the 2025 Share Schemes and terminate the existing First Share Option Scheme. This move is in response to the amendments in Chapter 17 of the Listing Rules, effective from January 2023, which necessitate compliance with updated requirements for share schemes of listed issuers. The new 2025 Share Schemes will be subject to shareholder approval at an upcoming general meeting and are designed to ensure continuity and alignment with regulatory standards. The termination of the First Share Option Scheme will mean no further options will be granted under it, although existing options remain exercisable. This strategic shift aims to streamline the company’s share scheme operations and align them with current regulatory expectations, potentially impacting shareholder value and company operations.

More about MOG Holdings Limited

MOG Digitech Holdings Limited is a company incorporated in the Cayman Islands, operating within the technology sector. It is listed on the Hong Kong Stock Exchange and focuses on digital technology solutions.

YTD Price Performance: -65.09%

Average Trading Volume: 46,050,264

Technical Sentiment Signal: Buy

Current Market Cap: HK$440.3M

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