ESCERAM

0.190

(%)

OTHERS OFFER AND GRANT OF OPTIONS UNDER LONG TERM INCENTIVE PLAN - EMPLOYEES' SHARE OPTION SCHEME OF ES CERAMICS TECHNOLOGY BERHAD

ES CERAMICS TECHNOLOGY BHD

Type Announcement
Subject OTHERS
Description
OFFER AND GRANT OF OPTIONS UNDER LONG TERM INCENTIVE PLAN - EMPLOYEES' SHARE OPTION SCHEME OF ES CERAMICS TECHNOLOGY BERHAD

Pursuant to Rule 9.19 (51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, ES Ceramics Technology Berhad ("Company") wishes to announce that the Company had made an offer of options on 22 January 2020 to eligible persons to subscribe for new shares in the Company under the Company’s Long Term Incentive Plan- Employees' Share Option Scheme.

 

The table is as follows:-

 

Date of Offer

:

22 January 2020

Exercise price of options offered

:

RM0.21

Number of options offered

:

6,050,000

Market price of the Company's shares on the date of offer

:

RM0.26 (closing price)

Number of options offered to directors

:

Rithauddin Hussein Jamalatiff bin Jamaluddin - 100,000

Dato’ Kamal YP Tan – 100,000

Wong Fook Lin  – 1,000,000

Tan Boon Sing- 100,000

Khoo Siang Hsi @ Khoo Chen Nan - 100,000

Vesting period of the options offered

:

3 September 2018 –  2 September 2028

 

The total 6,050,000 options granted would be exericed in the following manner:

a) 30% or 1,800,000 options granted can only be exercised after twelve (12) months from the date of  granting;

b) 24% or 1,450,000 options granted can only be exercised after twenty-four (24) months from the date of granting; and

c) 46% or 2,800,000 options granted can only be exercised after thirty-six (36) months from the date of granting.  

 






Announcement Info

Company Name ES CERAMICS TECHNOLOGY BHD
Stock Name ESCERAM
Date Announced 22 Jan 2020
Category General Announcement for PLC
Reference Number GA1-22012020-00018