VCI Global CEO Announces US$13.3 Million Share Purchase Plan at a Premium, Reinforcing Confidence in Future Growth of the Company

Rhea-AI Summary

VCI Global (NASDAQ: VCIG) announced that its CEO, Dato' Victor Hoo, has committed to a US$13.3 million share subscription program over 12 months, purchasing shares at a 10% premium to market price. This program could increase his ownership from 15.22% to 39.39% of total outstanding shares.

The company outlined three major strategic initiatives: 1) Expansion of AI infrastructure with Supermicro servers and NVIDIA H200 GPUs, including development of an AI integration platform; 2) Exclusive distributorship agreement with SES for cybersecurity solutions; 3) Acquisition of a solar power plant in Macedonia.

VCI Global is targeting 200% revenue growth in 2025 through these initiatives in AI & robotics, cybersecurity, and renewable energy sectors. All shares acquired through the program will be subject to SEC Rule 144 restrictions.

Positive

• CEO commits to US$13.3 million share purchase at 10% premium to market price
• Potential increase in CEO ownership from 15.22% to 39.39%
• Targeting 200% revenue growth in 2025
• Secured exclusive distributorship with SES for cybersecurity solutions
• Expanding AI infrastructure with NVIDIA H200 GPU deployment

Negative

• None.

Insights

Financial Analyst

The announced $13.3 million share subscription program represents a strategic move that goes beyond typical insider buying. The 10% premium structure is particularly noteworthy, as it effectively sets a higher valuation benchmark for the company while demonstrating management's conviction in the underlying business value.

The program's 12-month phased implementation serves multiple strategic purposes: it provides steady buying support for the stock, allows for dollar-cost averaging, and creates a transparent timeline for market participants. The SEC Rule 144 restrictions on these shares add another layer of credibility by ensuring long-term holding requirements.

The planned ownership increase from 15.22% to 39.39% would significantly enhance management alignment with shareholders, while the premium pricing structure could establish a new valuation floor. This is particularly relevant given VCI Global's aggressive expansion into three high-growth sectors:

• AI Infrastructure: The deployment of Supermicro servers with NVIDIA H200 GPUs positions the company to capitalize on the enterprise AI computing boom
• Cybersecurity: The exclusive SES distributorship provides a competitive moat in the rapidly growing security solutions market
• Renewable Energy: The Macedonian solar plant acquisition offers both geographical diversification and exposure to Europe's accelerating green energy transition

The targeted 200% revenue growth, while ambitious, appears strategically aligned with these initiatives. However, investors should monitor execution risks, particularly around technology integration, market penetration rates, and operational scaling. The company's ability to maintain margins during this high-growth phase will be important for long-term value creation.

Shares Subscription Program Demonstrates CEO’s Confidence in Company’s Expansion into AI Infrastructure, Cybersecurity, and Renewable Energy

KUALA LUMPUR, Malaysia, Feb. 18, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a high-growth company with a strategic focus on AI & robotics, fintech, cybersecurity, renewable energy, and capital market consultancy, today announced that its Group Executive Chairman and Chief Executive Officer, Dato’ Victor Hoo, has entered into to a US$13.3 million, 12-month share subscription program. This initiative signals his optimistic outlook on the Company’s future.

Under this structured program, Dato’ Victor Hoo will acquire shares monthly at a 10% premium to the closing price on the trading day prior to each payment date. All shares acquired through the program will be subject to U.S. Securities and Exchange Commission (SEC) Rule 144 restrictions, aligning with long-term shareholder interests. This phased approach provides adaptability in implementation while enabling methodical, long-term accumulation of ownership by the CEO, demonstrating his positive view of VCI Global’s growth trajectory while strengthening his ownership stake in a methodical and transparent manner.

Additionally, for illustrative purposes, based on yesterday's closing price and current outstanding shares of the Company, this share purchase program would potentially increase Dato' Victor Hoo's shareholdings from approximately 15.22% to 39.39% of the Company's total outstanding shares.

Expanding Market Dominance Across AI & Robotics, Cybersecurity, and Renewable Energy

The share purchase program aligns with its aggressive growth strategy across AI & Robotics, cybersecurity, and renewable energy, reinforcing confidence in its long-term vision.

1. AI Infrastructure and High-Performance Computing (HPC)
   • VCI Global has invested in state-of-the-art Supermicro servers, expanding its data center infrastructure with NVIDIA H200 Tensor Core Graphics Processing Units (GPUs) to meet surging demand in AI.
   • The Company is also developing a cutting-edge AI integration platform that allows businesses to seamlessly connect with ChatGPT, DeepSeek, and other AI models to optimize AI-driven workflows.
2. Exclusive Cybersecurity Distributorship from SES
   • VCI Global has secured an exclusive distributorship agreement with Secure Encryption Storage Limited (“SES”), a global leader in cybersecurity solutions.
   • The Company aims to offer next-generation AI-driven protection against evolving cyber threats for enterprises and government entities.
3. Expansion into Renewable Energy with Solar Power Investment
   • VCI Global is acquiring a strategic solar power plant in Macedonia, reinforcing its commitment to clean energy and supporting Europe’s growing demand for sustainable power solutions.
   • The Company plans to broaden its clean energy investments, capitalizing on the global shift toward decarbonization and energy independence.

With these strategic initiatives, VCI Global is targeting 200% revenue growth in 2025, leveraging its strong historical momentum to solidify its position as a leader in these high-growth industries. As a testament to its commitment, the Company is actively investing alongside shareholders, positioning VCI Global for unprecedented growth and market leadership in AI-driven technology, cybersecurity, and sustainable energy solutions.

“As VCI Global continues its rapid expansion, I am increasing my stake in the Company as a reflection of my confidence in its long-term growth and dedication to creating value for our shareholders. By acquiring shares at a premium, I aim to emphasize my belief in the potential of our AI, cybersecurity, and renewable energy initiatives. Our strategic investments position us well in these high-growth industries, and I am confident that these efforts will contribute a solid shareholder returns,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

About VCI Global Limited

VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries.

For more information on the Company, please log on to https://v-capital.co/. 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

CONTACT INFORMATION:

For media queries, please contact:

VCI GLOBAL LIMITED

enquiries@v-capital.co

FAQ

What is the value and duration of VCIG's CEO share purchase program?

VCIG's CEO has committed to a US$13.3 million share purchase program over 12 months, buying shares at a 10% premium to market price.

How much will VCIG's CEO ownership increase through the share purchase program?

The CEO's ownership stake is expected to increase from approximately 15.22% to 39.39% of total outstanding shares.

What is VCIG's revenue growth target for 2025?

VCI Global is targeting 200% revenue growth in 2025 through its initiatives in AI, cybersecurity, and renewable energy.

What strategic acquisitions has VCIG announced in renewable energy?

VCIG announced the acquisition of a strategic solar power plant in Macedonia to support Europe's growing demand for sustainable power solutions.

What AI infrastructure investments has VCIG made recently?

VCIG has invested in Supermicro servers with NVIDIA H200 Tensor Core GPUs and is developing an AI integration platform for ChatGPT and DeepSeek integration.