KENANGA

1.080

+0.01 (+0.9%)

OTHERS Kenanga Investment Bank Berhad ("KIBB" or "the Company") Award of Shares under the Performance Share Plan ("PSP") Grant of KIBB's Employee Share Grant Plan ("ESGP") (Additional Information)

KENANGA INVESTMENT BANK BERHAD

Type Announcement
Subject OTHERS
Description 
Kenanga Investment Bank Berhad ("KIBB" or "the Company")
Award of Shares under the Performance Share Plan ("PSP") Grant of KIBB's Employee Share Grant Plan ("ESGP")
(Additional Information)

Further to the announcement dated 3 May 2021, the Board of Directors of KIBB wishes to provide additional information for clarity purposes as detailed below under items 5 and 6.

 

No.

Description

Remarks

1.

Date of Award

3 May 2021

2.

Number of Shares Awarded

3,610,000

3.

Closing Market Price of the Shares on the Date of Award

RM1.54

4.

Vesting Period of the PSP Grant

Immediate vesting on 2 June 2021

5.

Exercise Price

Not applicable. The Eligible Employees/ PSP Grantees are not required to pay for the Shares they are entitled to receive upon vesting of the Shares.

6.

Number of Shares Awarded to Directors

None of the Directors of KIBB are Executive Directors and hence, they are not eligible to participate in the ESGP.

Notes

  1. In determining the total number of Shares to be awarded to each Eligible Employee, the Employees’ Share Scheme Committee and the Group Governance, Nomination & Compensation Committee (formerly known as Group Nomination & Remuneration Committee) have taken into consideration amongst others, the Eligible Employees’ performance, seniority (denoted by corporate rank) and contribution to the growth and performance of the KIBB Group.
  2. One-time vesting on 2 June 2021.
  3. PSP Grantee is restricted from selling / transferring the shares issued to him / her for a period of one (1) year from the Vesting Date.

This announcement is dated 4 May 2021.

 



Announcement Info

Company Name KENANGA INVESTMENT BANK BERHAD
Stock Name KENANGA
Date Announced 04 May 2021
Category General Announcement for PLC
Reference Number GA1-04052021-00061


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