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