VCIG updates incentive plan; options/RSUs under 20% fully diluted cap

Rhea-AI Filing Summary

VCI Global Limited reported that its board adopted an amended and restated employee stock ownership plan on November 10, 2025, effective the same day. The plan, originally approved on January 29, 2024, will remain in effect for five years from adoption.

The plan caps awards at a Share Limit equal to 20% of the company’s total outstanding share capital on a fully diluted basis, recalculated immediately before each grant. An ESOP Committee may grant share options, restricted shares, or restricted share units up to this limit and may set option exercise prices at a fixed or variable level, including by reference to Fair Market Value.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2025

Commission File Number: 001-41678

VCI Global Limited

(Translation of registrant’s name into English)

Suite 33.03 of Level 33, Menara Exchange 106, Lingkaran TRX, Tun Razak Exchange,
55188 Kuala Lumpur, Malaysia

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

Adoption of Incentive Plan

On January 29, 2024, the board of directors (the “Board”) of VCI Global Limited (the “Company”) approved an employee stock ownership plan (the “Plan”) which became effective upon adoption. On November 10, 2025, the Board adopted an amended and restated version of the Plan, which became effective on the same date (the “Effective Date”). The Plan shall be effective upon the Effective Date and shall continue in full force and effect for a term of five (5) years from the date of adoption by the Board.

Under the Plan, the maximum aggregate number of ordinary shares available for issuance (the “Share Limit”) be restricted to twenty per cent (20%) of the total outstanding share capital of the Company on a fully diluted basis, recalculated immediately prior to each grant. Under the terms of the Plan, the ESOP Committee (as defined Plan) has authority to issue share options, restricted shares or restricted share units, up to the Share Limit, and may set the exercise price of a share option at such amount as it considers appropriate, which may or may not be a fixed or variable price or determined by the Fair Market Value.

The foregoing summary of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 12, 2025	VCI Global Limited
	By:	/s/ Victor Hoo
	Name:	Victor Hoo
	Title:	Chairman and Chief Executive Officer

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FAQ

What did VCI Global (VCIG) announce in its 6-K?

The board adopted an amended and restated employee stock ownership plan effective November 10, 2025.

What is the share limit under VCIG’s amended ESOP?

Awards are capped at 20% of total outstanding share capital on a fully diluted basis, recalculated immediately before each grant.

How long will VCIG’s incentive plan remain in effect?

The plan continues for five years from the date of adoption by the board.

What types of awards can be granted under VCIG’s plan?

The ESOP Committee may grant share options, restricted shares, or restricted share units.

How are option exercise prices determined under VCIG’s plan?

The ESOP Committee may set the exercise price at a fixed or variable amount, including by reference to Fair Market Value.

When was the original plan approved by VCIG’s board?

January 29, 2024.