LAMBO

0.030

+0.005 (+20%)

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

17 June 2020

Exercise price of options offered*

RM0.02

Number of options being offered

 131,895,000

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

RM0.02

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)

 13,555,000

Zhuang GuoHua

(Executive Director)

14,214,300

Koo Kien Yoon

(Executive Director)

14,214,300

Ng Chee Kin

(Independent Non-Executive Director)

14,873,500

Khor Chin Fei

(Independent Non-Executive Director)

14,873,500

Vesting period of the Options offered

The options shall be exercisable from the date of acceptance of the options for 60 days

Note: *Being a discount of 1.48% to the five (5)-day volume weighted average market price of Lambo shares of RM0.0203

 

This announcement is dated 17 June 2020.



Announcement Info

Company Name LAMBO GROUP BERHAD
Stock Name LAMBO
Date Announced 17 Jun 2020
Category General Announcement for PLC
Reference Number GA1-10062020-00076


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