MTRONIC

0.015

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS METRONIC GLOBAL BERHAD ("METRONIC" OR THE "COMPANY") PROPOSED ESOS

METRONIC GLOBAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
METRONIC GLOBAL BERHAD ("METRONIC" OR THE "COMPANY")

PROPOSED ESOS

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 26 February 2021 in relation to the Proposed ESOS, where applicable, unless stated otherwise or defined herein.)

 

We refer to the earlier announcement in relation to the Proposed ESOS dated 26 February 2021.

 

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 8 March 2021, approved the listing of such number of additional new ordinary shares, representing up to 15% of the total number of issued shares of Metronic (excluding treasury shares, if any), to be issued pursuant to the exercise of options under the Proposed ESOS, subject to, amongst others, the following conditions:-

 

(i)         Mercury Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the Shareholders in general meeting approving the Proposed ESOS; and

 

(ii)         Metronic is required to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the issuance of new Shares under the Proposed ESOS as at the end of each quarter together with a detailed computation of listing fees payable.

 

 

This announcement is dated 8 March 2021.






Announcement Info

Company Name METRONIC GLOBAL BERHAD
Stock Name MTRONIC
Date Announced 08 Mar 2021
Category General Announcement for PLC
Reference Number GA1-08032021-00128