LAMBO

0.025

(%)

OTHERS LAMBO GROUP BERHAD ("LAMBO" OR "COMPANY") OFFER OF OPTIONS UNDER THE COMPANYS EMPLOYEES' SHARE OPTION SCHEME ("ESOS")

LAMBO GROUP BERHAD

Type Announcement
Subject OTHERS
Description 
LAMBO GROUP BERHAD ("LAMBO" OR "COMPANY")
OFFER OF OPTIONS UNDER THE COMPANYS EMPLOYEES' SHARE OPTION SCHEME ("ESOS")

Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wish to announce that it has offered options to eligible directors and employees under the Company’s ESOS, the details of which are as follows:-

Date of offer

23 April 2020

Exercise price of options offered*

RM0.015

Number of options being offered

438,000,000

Closing market price of the Company's shares on the date of offer

RM0.015

Number of Options offered to directors of the Company are as shown below:

Name of Director:

No. of Options offered:

Hj. Abdullah Bin Abdul Rahman

(Independent Non-Executive Chairman)

45,030,500

Zhuang GuoHua

(Executive Director)

47,220,600

Koo Kien Yoon

(Executive Director)

47,220,600

Ng Chee Kin

(Independent Non-Executive Director)

49,410,600

Khor Chin Fei

(Independent Non-Executive Director)

49,410,600

Vesting period of the Options offered

The options shall be exercisable from the date of acceptance of the options for 30 days

Note: *Being a discount of 6.25% to the five (5)-day volume weighted average market price of Lambo shares of RM0.016.

 

 

This announcement is dated 23 April 2020.



Announcement Info

Company Name LAMBO GROUP BERHAD
Stock Name LAMBO
Date Announced 23 Apr 2020
Category General Announcement for PLC
Reference Number GA1-23042020-00083


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