OMESTI

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

OMESTI BERHAD

Type Announcement
Subject OTHERS
Description
EMPLOYEES' SHARE GRANT PLAN PURSUANT TO THE LONG-TERM INCENTIVE PLAN ("LTIP")

We refer to the previous announcements in relation to 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” or “the Company”) wishes to announce that Omesti has today made the award of 208,800 new ordinary shares of RM0.50 each (“Omesti Shares”) under the Restricted Share Plan (“RSP”) under the ESGP (“Award”) pursuant to the LTIP to the Directors, the details of which are set out in the table below.

Description of Award awarded under the ESGP

Date of Award

:

30 June 2016

Exercise price of the Award

:

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

Number of Omesti Shares awarded

:

208,800

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

:

RM0.50

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

Name

Designation

No. of Shares

a) Monteiro Gerard Clair

Executive Director

104,400

b) Mah Xian-Zhen

Executive Director

104,400

Vesting date of the Omesti Shares awarded

:

1 July 2016

This announcement is dated 30 June 2016.






Announcement Info

Company Name OMESTI BERHAD
Stock Name OMESTI
Date Announced 30 Jun 2016
Category General Announcement for PLC
Reference Number GA1-30062016-00088