OCR

0.065

+0.01 (+18.2%)

OTHERS OCR Group Berhad Offer of Options under the Company's Employees Share Option Scheme

OCR GROUP BERHAD

Type

Announcement

Subject

OTHERS

Description

OCR Group Berhad 
Offer of Options under the Company's Employees Share Option Scheme

Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of OCR Group Berhad (“OCR” or the “Company”) wishes to announce that the following offer of options has been made on today, 6 August 2020, to eligible persons to subscribe for new ordinary shares in the Company (“OCR shares”) under the Employees’ Share Option Scheme (“ESOS”).

Details of the Options offered to eligible persons of the Company are as set out as follows:-

No.	Description of Options offered under the ESOS
1.	Date of Offer of the Options	:	6 August 2020
2.	*Exercise Price of Options offered	:	RM0.249
3.	Number of Options offered (“Options Offered”)	:	11,000,000
4.	Market Price of the Company’s shares	:	RM0.285
5.	Options Offered to following Director of the Company
	(i) Ong Kah Hoe, Group Managing Director	:	1,800,000
6.	Options Period	:	The Options shall be exercisable from:
	(i) Tranche 1 (20% of Options Offered)		1 January 2021 to 31 December 2021
	(ii) Tranche 2 (30% of Options Offered)		1 January 2022 to 31 December 2022
	(iii) Tranche 3 (50% of Options Offered)		1 January 2023 to 31 December 2023

*Based on the the volume weighted average market price of OCR Shares for the five (5) market days immediately the Date of Offer, i.e. on 6 August 2020 and representing a discount of 10% to the five (5) market days weighted average market price of the OCR Shares up to 6 August 2020.

This announcement is dated 6 August 2020.

Announcement Info

Company Name	OCR GROUP BERHAD
Stock Name	OCR
Date Announced	06 Aug 2020
Category	General Announcement for PLC
Reference Number	GA1-06082020-00026

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