PETALING JAYA: OSK Holdings Bhd has proposed a one-for-four bonus issue of up to 190.48 million new RM1 shares. In a filing with Bursa Malaysia, the company said the entitlement date would be determined later. OSK’s issued and paid-up capital share capital as at Nov 20 was RM649.22mil comprising 649.22 million shares, excluding 24.15 million shares held under treasury shares. The company said 101.42 million outstanding 2000/2010 warrants and 11.29 million outstanding options under the executive share option scheme (Esos) remained unexercised. “Assuming full exercise of the outstanding warrants and Esos, the proposed bonus issue would entail the issuance of up to 190.48 million bonus shares,” it said. It added that the proposed bonus issue would be implemented entirely via the capitalisation of the retained profits of OSK. “The proposed bonus issue is to reward shareholders for their continuous support,” said OSK. The exercise is expected to be completed by the first quarter of 2010. OSK recently posted a 76% rise in net profit for its third quarter ended Sept 30 to RM34.55mil from RM19.59mil a year ago
