Bumi Armada Berhad (“Bumi Armada” or the “Company”) is pleased to announce that the Company has offered options over unissued ordinary shares of RM0.20 each of Bumi Armada under the Scheme to an Executive Director of the Company, the details of which are as set out below:
Date of offer | 19 September 2014 |
Exercise price of options offered | RM1.83 per share |
Number of options offered | 1,250,000 |
Market price of Bumi Armada's securities on the date of the offer ("Closing Price") | RM1.84 per share |
Number of options offered to a Director of Bumi Armada : Mr Shaharul Rezza bin Hassan, Executive Director and Head of Offshore Support Vessels Business | 1,250,000 |
Vesting dates of the options offered | · 24 February 2015 (30% of the options will vest on this first vesting date); · 24 February 2016 (30% of the options will vest on this second vesting date); and · 24 February 2017 (40% of the options will vest on this third vesting date). Subject to the vesting dates as aforesaid the exercise period for these options will be from 24 February 2015 to 23 February 2019. |
This announcement is dated 22 September 2014.