AMTEL

0.630

+0.04 (+6.8%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS AMTEL HOLDINGS BERHAD ("AMTEL" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN ("PROPOSED LTIP")

AMTEL HOLDINGS BERHAD

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

PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN ("PROPOSED LTIP")

On behalf of the Board of Directors of Amtel ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to establish a long-term incentive plan, which comprises the proposed employee share option scheme ("Proposed ESOS") and the proposed share grant plan ("Proposed SGP"), of up to 15% of the issued share capital of the Company (excluding treasury shares of Amtel, if any) at any point in time during the duration of the long-term incentive plan, for eligible employees and Directors of Amtel and its subsidiary companies ("Amtel Group" or the "Group") which are not dormant, who fulfil the eligibility criteria as set out in the by-laws of the long-term incentive plan ("Proposed LTIP").

Further details of the Proposed LTIP are set out in the attachment enclosed.

 

This announcement is dated 18 March 2022.




Please refer attachment below.



Announcement Info

Company Name AMTEL HOLDINGS BERHAD
Stock Name AMTEL
Date Announced 18 Mar 2022
Category General Announcement for PLC
Reference Number GA1-18032022-00011