Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that the Company has made an offer of options, referred to as "Tranche 3" to eligible employees and Directors of the Company and its subsidiaries in accordance with the By- Laws of the ESOS.
Details of the offer of share options are as follows:-
Tranche 3
|
Description of Options under the ESOS
|
|
|
1.
|
Date of offer of the options
|
:
|
1 September 2021
|
2.
|
Exercise price of options offered
|
:
|
RM0.1755
|
3.
|
Number of options or shares offered
|
:
|
17,988,000
|
4.
|
Market price of the Company's security on the date of the offer
|
:
|
RM0.175
|
5.
|
Number of options or shares offered to each director
|
:
|
|
|
Group Managing Director:-
|
:
|
|
|
1. Tee Sook Sing
|
:
|
395,000
|
|
Executive Director:-
|
:
|
|
|
1. Lo Ling
|
:
|
220,000
|
|
2. Emma Yazmeen Yip Binti Mohd Jeffrey Yip
|
:
|
330,000
|
6.
|
Number of options or shares offered to each director in the subsidiaries or related party
|
:
|
|
|
1. Hing Fook Sern
|
:
|
517,000
|
|
2. Ong Soo Lid
|
:
|
517,000
|
7.
|
Vesting period of the options or shares offered
|
:
|
2 years vesting period
|
The announcement is dated 1 September 2021.