TGL

1.240

+0.08 (+6.9%)

Circular/Notice to Shareholders

TEO GUAN LEE CORPORATION BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED BONUS ISSUE OF 40,742,200 NEW ORDINARY SHARES IN TEO GUAN LEE CORPORATION BERHAD ("TGL") ("TGL SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING TGL SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER; (II) PROPOSED ESTABLISHMENT OF A LONG TERM INCENTIVE PLAN OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF TGL (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE DURATION OF THE SCHEME FOR THE ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF TGL AND ITS SUBSIDIARY COMPANIES (EXCLUDING SUBSIDIARY COMPANIES WHICH ARE DORMANT) ("TGL GROUP"); AND (III) PROPOSED AWARD OF LTIP AWARDS (AS DEFINED HEREIN) TO THE EXECUTIVE DIRECTORS AND MAJOR SHAREHOLDERS OF TGL GROUP AND NOTICE OF EXTRAORDINARY GENERAL MEETING


Please refer attachment below.

Attachments

TGL Circular - 2.6.2021.pdf
1.1 MB



Announcement Info

Company Name TEO GUAN LEE CORPORATION BERHAD
Stock Name TGL
Date Announced 02 Jun 2021
Category Document Submission
Reference Number DCS-27052021-00065