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 an offer of options of a total of 89,100,000 at the option price of RM0.25 to eligible employees and Directors of the Company in accordance with the By-Laws of the ESOS.
No. |
Description of Options under the ESOS |
|
|
1. |
Date of offer of the options |
: |
10 December 2015 |
2. |
Exercise price of options offered |
: |
RM0.25 |
3. |
Number of options or shares offered |
: |
89,100,000 |
4. |
Market price of the Company's security on the date of offer |
: |
RM0.29 |
5. |
Number of options or shares offered to each director |
|
|
|
Managing Director: |
|
|
|
1. Mr Chew Chee Seng |
: |
8,800,000 |
|
Non-Executive Directors: |
|
|
|
1. Dato’ Dr. Mohd Aminuddin Bin Mohd Rouse |
: |
2,000,000 |
|
2. Dato’ Mohamad Kamarudin Bin Hassan |
: |
1,500,000 |
|
3. Cheong Chee Yun |
: |
1,500,000 |
6. |
Number of options or shares offered to each director in the subsidiaries or related party |
|
|
|
1. Chin Shea Swong |
: |
6,000,000 |
|
2. Chew Lean Mei |
: |
3,000,000 |
7. |
Vesting period of the options or shares offered |
: |
First 20%: 10 December 2015 - 9 December 2016
Second 20%: 10 December 2015 - 9 December 2017
Third 20%: 10 December 2015 - 9 December 2018
Fourth 20%: 10 December 2015 - 9 December 2019
Fifth 20%: 10 December 2015 - 9 December 2020 |
This announcement is dated 10 December 2015.
|
