FRONTKN

4.290

+0.04 (+0.9%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES FRONTKEN CORPORATION BERHAD ("FRONTKEN" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF A SHARE GRANT PLAN OF UP TO 5% OF THE TOTAL NUMBER OF ISSUED SHARES OF FRONTKEN (EXCLUDING TREASURY SHARES, IF ANY) FOR THE ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF FRONTKEN AND ITS SUBSIDIARIES (EXCLUDING SUBSIDIARIES WHICH ARE DORMANT, IF ANY) ("PROPOSED SHARE GRANT PLAN")

FRONTKEN CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
FRONTKEN CORPORATION BERHAD ("FRONTKEN" OR THE "COMPANY")

PROPOSED ESTABLISHMENT OF A SHARE GRANT PLAN OF UP TO 5% OF THE TOTAL NUMBER OF ISSUED SHARES OF FRONTKEN (EXCLUDING TREASURY SHARES, IF ANY) FOR THE ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF FRONTKEN AND ITS SUBSIDIARIES (EXCLUDING SUBSIDIARIES WHICH ARE DORMANT, IF ANY) ("PROPOSED SHARE GRANT PLAN")

We refer to the announcements dated 25 March 2022 and 20 April 2022 in relation to the Proposed Share Grant Plan. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities has, vide its letter dated 26 April 2022, resolved to approve the following:-

(i) UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") is required to submit a confirmation to Bursa Securities of full compliance of the Proposed Share Grant Plan pursuant to Paragraph 6.43(1) of the Main Market Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting; and

(ii) Frontken is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed Share Grant Plan, as at the end of each quarter together with a detailed computation of listing fees payable.

Frontken is required to ensure full compliance of all the requirements pertaining to the Proposed Share Grant Plan as provided under the Main Market Listing Requirements at all times.

This announcement is dated 26 April 2022.






Announcement Info

Company Name FRONTKEN CORPORATION BERHAD
Stock Name FRONTKN
Date Announced 26 Apr 2022
Category General Announcement for PLC
Reference Number GA1-26042022-00067