SECsense Logo

YY Group Holding Limited's 2024 Share Incentive Plan - Form 6-K Report

$YYGH
Form 6-K
Filed on: 2025-01-17
Source
YY Group Holding Limited's 2024 Share Incentive Plan - Form 6-K Report

Here are the key points extracted from the financial report (Form 6-K) of YY Group Holding Limited:

  1. Filing Information:
  • Type: Report of Foreign Private Issuer (Form 6-K)
  • Commission File Number: 001-42026
  • Filing Date: January 17, 2025
  • Reporting Period: Month of January 2025
  1. Company Information:
  • Company Name: YY Group Holding Limited
  • Address: 60 Paya Lebar Road, #09-13/14/15/16/17, Paya Lebar Square, Singapore 409051
  1. Share Incentive Plan:
  • The company adopted a 2024 Share Incentive Plan on January 16, 2025.
  • Purpose of the plan: To motivate, attract, and retain directors, consultants, or key employees, aligning their interests with those of the shareholders.
  • Maximum Shares Available: 3,500,000 Class A Ordinary Shares are available for issuance under this plan.
  1. Form Submission:
  • The registrant indicated that it is filing under Form 20-F for annual reports.
  • The registrant is also furnishing the information pursuant to Rule 12g3-2(b).
  1. Signature:
  • The filing was signed by Fu Xiaowei, who is the Chief Executive Officer, Chairman, and Director of YY Group Holding Limited.

This information indicates that YY Group is taking steps to incentivize its management and key personnel, which could be a strategic move to enhance performance and align interests with shareholders. The establishment of a share incentive plan typically suggests anticipation of growth or a need to bolster employee commitment amid competitive pressures.