SAM

4.500

-0.27 (-5.7%)

OTHERS SAM ENGINEERING & EQUIPMENT (M) BERHAD ("SAMEE" OR "THE COMPANY") - GRANT OF SHARES UNDER THE EMPLOYEES SHARE GRANT SCHEME OF THE COMPANY ("ESGS")

SAM ENGINEERING & EQUIPMENT (M) BERHAD

Type Announcement
Subject OTHERS
Description
SAM ENGINEERING & EQUIPMENT (M) BERHAD ("SAMEE" OR "THE COMPANY")
- GRANT OF SHARES UNDER THE EMPLOYEES SHARE GRANT SCHEME OF THE COMPANY ("ESGS")

Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, SAMEE wishes to announce that the grant of shares to the eligible employees of the Company under the ESGS has taken effect on 30 August 2022.

 

The details of ESGS shares granted to the eligible employees of the Company are set out as below: -

 

No.

Items

Details

1.

Date of vesting

30 August 2022

2.

Exercise price of options offered, if applicable

Not applicable.

3.

Number of options or shares granted

189,840 shares

4.

Market price of its securities on the date of the vesting

RM4.3080

5.

Number of options or shares offered to each director, if any

Not applicable.

6.

Vesting period of the Award

2 years#

 

 

Remarks:

*      The market price is computed based on 5-day volume weighted average market price of SAMEE shares prior to the date of the vesting.

#      The award was granted to the eligible employees in 2020 in accordance to the By-Laws of ESGS with vesting conditions to be fulfilled before it is converted into the Company’s shares.

 

This announcement is dated 30 August 2022.






Announcement Info

Company Name SAM ENGINEERING & EQUIPMENT (M) BERHAD
Stock Name SAM
Date Announced 30 Aug 2022
Category General Announcement for PLC
Reference Number GA1-30082022-00015