Thursday 25 Apr 2024
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KUALA LUMPUR (Oct 23): Tropicana Corp Bhd's Group Executive Vice Chairman Tan Sri Tan Chee Sing has exercised his share options granted under the property giant's employee share option scheme (ESOS) and acquired 2.21 million shares.

Tropicana told Bursa Malaysia in a filing today that Tan now controls some 400.49 million shares or a 29.18% direct stake in the company after exercising his ESOS on Oct 21.

In addition, Tan has a deemed interest in some 553.50 million shares or 40.37% stake in the group, held under Impeccable Ace Sdn Bhd, Golden Diversity Sdn Bhd and Aliran Firasat Sdn Bhd.

Tan also holds 49.3 million units of Tropicana’s warrants and a deemed interest in 24.8 million warrants held by Impeccable Ace and Golden Diversity.

On top of that, he has a deemed interest in RM76.28 million nominal value of Tropicana’s redeemable convertible unsecured loan stock (RCULS), held by Aliran Firasat Sdn Bhd.

Tropicana closed one sen or 0.79% higher at RM1.27 with 666,000 shares changing hands. It has a market capitalisation of RM1.74 billion.

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