THE PROPOSED ISSUE OF REMUNERATION SHARES Sample Clauses

THE PROPOSED ISSUE OF REMUNERATION SHARES. 7.1. Background and Rationale The Company intends to issue 65,391,302 Remuneration Shares to Xx Xxxx at an issue price of S$0.00175 for each Remuneration Share, in satisfaction of a portion of Xx Xxxx’x remuneration for the period from 23 October 2019 to 31 December 2020 amounting to S$114,434.78. The Board is of the view that the Proposed Issue of Remuneration Shares will allow the Company to conserve its cash reserves and provide the Company with more working capital and greater financial flexibility to grow its business in a sustainable and viable manner.
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Related to THE PROPOSED ISSUE OF REMUNERATION SHARES

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