NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS HUME CEMENT INDUSTRIES BERHAD ("HCIB" OR "COMPANY") (I) PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE SCHEME COMPRISING A PROPOSED NEW EXECUTIVE SHARE OPTION SCHEME AND A PROPOSED NEW EXECUTIVE SHARE GRANT SCHEME (II) PROPOSED ALLOCATION OF OPTIONS AND/OR GRANTS TO THE GROUP MANAGING DIRECTOR OF HCIB
| HUME CEMENT INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS |
| Description | HUME CEMENT INDUSTRIES BERHAD ("HCIB" OR "COMPANY")
(I) PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE SCHEME COMPRISING A PROPOSED NEW EXECUTIVE SHARE OPTION SCHEME AND A PROPOSED NEW EXECUTIVE SHARE GRANT SCHEME
(II) PROPOSED ALLOCATION OF OPTIONS AND/OR GRANTS TO THE GROUP MANAGING DIRECTOR OF HCIB |
|
On behalf of the Board of Directors of HCIB, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that the Company proposes to undertake the following: (i) establish and implement a new executive share scheme, which comprise a proposed new executive share option scheme and a proposed new executive share grant scheme of up to 10% of the total number of issued ordinary shares in HCIB (“Shares”) (excluding treasury Shares) for the eligible executives and/or directors of HCIB and its subsidiaries (“Proposed ESS”); and (ii) allocation of options and/or grants to the Group Managing Director of HCIB under or pursuant to the Proposed ESS (“Proposed Allocation”). (The Proposed ESS and the Proposed Allocation are collectively referred to as the “Proposals”). Kindly refer to the attached document for further details on the Proposals. This announcement is dated 22 July 2022. |
|
Please refer attachment below.
Announcement Info
| Company Name | HUME CEMENT INDUSTRIES BERHAD |
| Stock Name | HUMEIND |
| Date Announced | 22 Jul 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22072022-00007 |