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(Unless otherwise state, all definitions and terms used in this announcement shall have the same meanings as defined in the announcement dated 22 April 2014).
Reference is made to the announcements dated 22 April 2014 and 30 April 2014 in relation to the Proposed ESOS.
On behalf of the Board of Directors of ManagePay, RHB Investment Bank (“RHBIB”) is pleased to announce that Bursa Securities had, vide its letter dated 6 May 2014 (which was received on 7 May 2014), resolved to approve the listing of such number of ManagePay Shares representing up to 15% of the issued and paid-up share capital of ManagePay (excluding treasury shares) to be issued pursuant to the exercise of ESOS Options under the Proposed ESOS subject to the following conditions:
- RHBIB is required to submit a confirmation to Bursa Securities of full compliance of the ESOS pursuant to Rule 6.44 of the Listing Requirements of Bursa Securities and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting; and
- ManagePay is required to furnish Bursa Securities on a quarterly basis a summary of the total number of ManagePay Shares listed pursuant to the exercise of the ESOS Options as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 7 May 2014.
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