GPHAROS

0.505

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES GOLDEN PHAROS BERHAD ("GPB" OR THE "COMPANY") - LONG TERM INCENTIVE PLAN FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF GPB AND ITS SUBSIDIARIES ("LTIP")

GOLDEN PHAROS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
GOLDEN PHAROS BERHAD ("GPB" OR THE "COMPANY") - LONG TERM INCENTIVE PLAN FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF GPB AND ITS SUBSIDIARIES ("LTIP")

We refer to the Company's announcement dated 30 August 2018 and all subsequent announcements in relation to the implementation of the LTIP. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the circulars to shareholders dated 11 June 2018 and 29 May 2019. 

 

Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that GPB has made another ESGS Awards to its eligible employees on 5 July 2021, the details of which are as follows:-

 

1.

Date of offer

5 July 2021

2.

Exercise price

Not applicable as the Shares will be issued upon vesting at no consideration

3.

No. of Shares offered

1,085,900

4.

Closing market price

RM0.36

5.

Vesting period

Subject to the fulfilment of the ESGS Vesting Conditions, 20% of the Shares offered shall be vested in June every year until:-

  1. the termination of the ESGS Award, in accordance with the provisions of the By-Laws; or
  2. the expiry of the LTIP,

whichever is earlier.

6.

No. of Shares offered to Directors of GPB

Nil 

 

The announcement is dated 5 July 2021. 

 






Announcement Info

Company Name GOLDEN PHAROS BERHAD
Stock Name GPHAROS
Date Announced 05 Jul 2021
Category General Announcement for PLC
Reference Number GA1-05072021-00032