OMESTI

0.540

-0.015 (-2.7%)

OTHERS OMESTI BERHAD EMPLOYEES' SHARE GRANT PLAN PURSUANT TO THE LONG-TERM INCENTIVE PLAN

OMESTI BERHAD

Type Announcement
Subject OTHERS
Description
OMESTI BERHAD 
EMPLOYEES' SHARE GRANT PLAN PURSUANT TO THE LONG-TERM INCENTIVE PLAN

We refer to the previous announcement dated 16 August 2018 in relation to the extension of the Long-Term Incentive Plan ("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 31 December 2020 made the award of 524,900 new ordinary shares ("Omesti Shares") under the Restricted Share Plan ("RSP") under the ESGP ("Award") pursuant to the LTIP to the eligible employees, the details of which are set out in the table below.

 

Description of Award awarded under the ESGP 

Date of Award

:

31 December 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

:

524,900

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

:

RM0.535

Vesting date of the Omesti Shares awarded

:

8 January 2021

 

This announcement is dated 31 December 2020.  






Announcement Info

Company Name OMESTI BERHAD
Stock Name OMESTI
Date Announced 31 Dec 2020
Category General Announcement for PLC
Reference Number GA1-30122020-00013