Choice International is set to reward its shareholders with bonus shares issued at a 1:1 ratio, according to the available announcement.
What the bonus issue means
A 1:1 bonus issue indicates that shareholders will receive one bonus share for every share held, subject to the terms of the announcement.
The move places the company’s shareholder reward plan in focus. However, the available information does not provide details on the record date, eligibility conditions, or the timetable for the issue.
Details remain limited
Shareholders will need to refer to the company’s formal communication for further information about how and when the bonus shares will be credited.