Marco Polo Marine Ltd announced the allotment and issue of 177,000 new ordinary shares following the exercise of employee share options under its 2024 scheme.

The move raises the company’s total issued share capital (excluding treasury shares) to 3,906,996,000, up from 3,906,819,000.

The options were exercised at an exercise price of Singapore dollars 0.067 per share.

The newly issued shares will rank pari passu with existing shares and are scheduled to begin trading on the Singapore Exchange on Apr, 10 2026.