JX Energy (HKG:3395) will issue about 1.99 million new shares at HK$0.279 each as part of an exit package for outgoing chief financial officer Tara Suzanne Leray, according to a Friday Hong Kong bourse filing.

The new shares, representing about 0.33% of the company's enlarged share capital, have an estimated market value of about HK$596,378, based on the latest closing price, the company said.

JX Energy said the share issue will settle Leray's exit payment without using internal funds, helping to avoid cash outflows.

Leray will step down as chief financial officer effective Friday, the filing added.