ICON

0.780

+0.005 (+0.6%)

OTHERS ICON OFFSHORE BERHAD ("IOB" OR "THE COMPANY") - OFFER AND GRANT OF SHARES UNDER THE EMPLOYEES' SHARE GRANT PLAN ("ESGP") SCHEME

ICON OFFSHORE BERHAD

Type Announcement
Subject OTHERS
Description
ICON OFFSHORE BERHAD ("IOB" OR "THE COMPANY")  - OFFER AND GRANT OF SHARES UNDER THE EMPLOYEES' SHARE GRANT PLAN ("ESGP") SCHEME
Pursuant to Paragraph 9.19 (51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it had on 14 December 2023, made an offer of ordinary shares in IOB under the ESGP Scheme (“ESGP Shares”) which consists of Performance Share Plan (“PSP”) and the Retention Share Plan (“RSP”) to Dato’ Sri Hadian Bin Hashim (“Dato’ Sri Hadian”), Managing Director (“MD”) and other eligible persons of the Company.

Details of the offer to Dato’ Sri Hadian and other eligible persons are as set out below:-
1.
Date of offer
:
14 December 2023
2.
Grant price of ESGP Shares offered
:
Not applicable as the ESGP Shares will be awarded without any cash consideration.
3.
Total number of ESGP Shares offered
:
6,434,989 ESGP Shares
4.
Number of ESGP Shares offered to MD
:
5,599,993 ESGP Shares
5.
Number of ESGP Shares offered to other eligible persons
 
834,996 ESGP Shares


6.
Closing market price of the Company’s shares on the date of offer
:
RM0.665
7.
Vesting period of ESGP Shares offered
:
The ESGP Scheme will vest in three (3) tranches over the next three (3) financial years.
This announcement is dated 14 December 2023.

 






Announcement Info

Company Name ICON OFFSHORE BERHAD
Stock Name ICON
Date Announced 14 Dec 2023
Category General Announcement for PLC
Reference Number GA1-13122023-00001