NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY") I. PROPOSED TERMINATION OF EXISTING EMPLOYEES' SHARE OPTION SCHEME OF BORNOIL ("ESOS") ("PROPOSED TERMINATION OF EXISTING ESOS"); AND II. PROPOSED ESTABLISHMENT OF A NEW ESOS OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES IN BORNOIL (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME OVER THE DURATION OF THE ESOS ("PROPOSED NEW ESOS") (COLLECTIVELY, THE "PROPOSALS")
| BORNEO OIL BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS |
| Description | BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY")
I. PROPOSED TERMINATION OF EXISTING EMPLOYEES' SHARE OPTION SCHEME OF BORNOIL ("ESOS") ("PROPOSED TERMINATION OF EXISTING ESOS"); AND
II. PROPOSED ESTABLISHMENT OF A NEW ESOS OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES IN BORNOIL (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME OVER THE DURATION OF THE ESOS ("PROPOSED NEW ESOS")
(COLLECTIVELY, THE "PROPOSALS") |
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The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals. We refer to the earlier announcements dated 12 March 2020, 10 April 2020, 20 April 2020 and 5 May 2020 in relation to the Proposals. On behalf of the Board, UOB Kay Hian wishes to announce that Bursa Securities had, vide its letter dated 15 May 2020, resolved to grant the Company an extension of time from 13 May 2020 up to 27 May 2020 for the issuance of circular pertaining to the Proposals to its shareholders.
This announcement is dated 18 May 2020. |
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Announcement Info
| Company Name | BORNEO OIL BERHAD |
| Stock Name | BORNOIL |
| Date Announced | 18 May 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18052020-00029 |