Issuance of 714,500 New Ordinary Shares under the Dyna-Mac Share Award Scheme 2021

Source: www.gulfoilandgas.com 8/10/2023, Location: Asia

The Board of Directors of Dyna-Mac Holdings Ltd. (the “Company” and together with its subsidiaries, the “Group”) refers to the announcements on 15 August 2022 and 8 July 2022 (“Grant Dates”) in relation to the grant of contingent share awards pursuant to the Dyna-Mac Share Award Scheme 2021 (“DMSAS”).

Further to the announcement, the Company is pleased to announce the issuance of 714,500 ordinary shares in the capital of the Company (the “New Shares”) for the vesting of the 2nd tranche of the contingent share awards granted on the Grant Dates to the eligible participants under the DMSAS.

The New Shares shall rank pari passu in all respect with the existing issued shares of the Company and are expected to be listed and quoted on the Singapore Exchange Securities Trading Limited on 16 August 2023.

Following the issuance and allotment of the New Shares, the total number of issued shares of the Company has increased from 1,036,209,700 to 1,036,924,200 ordinary shares.


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