OMESTI

0.150

-0.005 (-3.2%)

OTHERS OMESTI BERHAD EMPLOYEES' SHARE GRANT PLAN PURSUANT TO THE LONG-TERM INCENTIVE PLAN ("LTIP")

OMESTI BERHAD

Type

Announcement

Subject

OTHERS

Description

OMESTI BERHAD 
EMPLOYEES' SHARE GRANT PLAN PURSUANT TO THE LONG-TERM INCENTIVE PLAN ("LTIP")

We refer to the previous announcement dated 16 August 2018 in relation to the extension of the LTIP, which comprises employees share option scheme and the employees' share grant plan ("ESGP").

Pursuant to the LTIP implemented effective from 16 October 2013 and Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Omesti Berhad ("Omesti") wishes to announce that Omesti has on 25 February 2020 made the award of 4,420,510 new ordinary shares ("Omesti Shares") under the Restricted Share Plan ("RSP") under the ESGP ("Award") pursuant to the LTIP to the eligible employees and Directors, the details of which are set out in the table below.

Description of Award awarded under the ESGP

Date of Award

25 February 2020

Exercise price of the Award

Not applicable as the Omesti Shares will be issued upon vesting at no consideration

Number of Omesti Shares awarded

4,420,510

Closing market price of the Omesti Shares on the date of Award

RM0.68

Number of Omesti Shares awarded to the following Directors of the Company: