Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that the Company has made and offer of options of a total of 40,050,000 at the option price of RM0.28 to eligible employees and Directors of the Company in accordance with the By-Laws of the ESOS.
The details of the offer of share options are as follows:-
No. |
Description of Options under the ESOS |
|
|
1. |
Date of offer of the options |
: |
20 April 2015 |
2. |
Exercise price of options offered |
: |
RM0.28 |
3. |
Number of options or shares offered |
: |
40,050,000 |
4. |
Market price of the Company's security on the date of offer |
: |
RM0.31 |
5. |
Number of options or shares offered to each director |
|
|
| |
Managing Director: |
|
|
| |
1. Mr Chew Chee Seng |
: |
4,000,000 |
| |
Non-Executive Directors: |
|
|
| |
1. Dato’ Dr. Mohd Aminuddin Bin Mohd Rouse |
: |
1,000,000 |
| |
2. Dato’ Mohamad Kamarudin Bin Hassan |
: |
1,000,000 |
| |
3. Cheong Chee Yun |
: |
1,000,000 |
| |
4. Chin Shea Fong |
: |
1,000,000 |
6. |
Vesting period of the options or shares offered |
: |
First 20%: 21 April 2016 until end of the duration of the ESOS Scheme
Second 20%: 21 April 2017 until end of the duration of the ESOS Scheme
Third 20%: 21 April 2018 until end of the duration of the ESOS Scheme
Fourth 20%: 21 April 2019 until end of the duration of the ESOS Scheme
Fifth 20%: 21 April 2020 until end of the duration of the ESOS Scheme |
This announcement is dated 20 April 2015. |
