EMICO

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OTHERS Emico Holdings Berhad ("Emico" or "the Company") - Share Options under the Employees Share Option Scheme ("ESOS")

EMICO HOLDINGS BERHAD

Type

Announcement

Subject

OTHERS

Description

Emico Holdings Berhad ("Emico" or "the Company")
- Share Options under the Employees Share Option Scheme ("ESOS")

Pursuant to the Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it has offered options to its eligible directors and employees under the Company's ESOS on 25 March 2020. The details of options are as follows:-

No.	Description
1.	Date of offer of the Options	:	25 March 2020
2.	Exercise price of Options offered	:	RM0.0765
3.	Number of Options offered	:	8,000,000
4.	Market Price of Emico shares on the date of offer	:	RM0.10
5.	Number of Options offered to the Directors of Emico	:	1,500,000

	Name		Number of Options offered
i.	Lim Teik Hian		500,000
ii.	Lim Teck Chye		500,000
iii.	Dato' Jimmy Ong Chin Keng		500,000
6.	Vesting period of Options offered	:
	Estimated Number of Options to be vested		Estimated Schedule Vesting Date
	1st vesting - 10%		25 March 2020
	2nd vesting - 10%		25 March 2021
	3rd vesting - 20%		25 March 2022
	4th vesting - 20%		25 March 2023
	5th vesting - 20%		25 March 2024
	6th vesting - 20%		30 September 2024

This announcement is dated 25 March 2020.

Announcement Info

Company Name	EMICO HOLDINGS BERHAD
Stock Name	EMICO
Date Announced	25 Mar 2020
Category	General Announcement for PLC
Reference Number	GA1-25032020-00027

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