BETA

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS BETAMEK BERHAD ("BETAMEK" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF A LONG TERM INCENTIVE PLAN ("PROPOSED LTIP")

BETAMEK BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
BETAMEK BERHAD ("BETAMEK" OR THE "COMPANY")

PROPOSED ESTABLISHMENT OF A LONG TERM INCENTIVE PLAN ("PROPOSED LTIP")

The terms used herein shall have the same meaning as those defined in the announcement dated 28 May 2025 in relation to the Proposed LTIP, unless otherwise stated.

We refer to the announcements dated 28 May 2025, 30 May 2025 and 26 June 2025 in relation to the Proposed LTIP.

On behalf of the Board, CGS MY wishes to announce that Bursa Securities had, vide its letter dated 10 July 2025, resolved to approve the listing and quotation of such number of new Shares, representing up to 30% of the total number of issued shares of Betamek (excluding treasury shares, if any) to be issued pursuant to the Proposed LTIP, subject to the following conditions:

(i) CGS MY is required to submit a confirmation to Bursa Securities of full compliance of the Proposed LTIP pursuant to Rule 6.44(1) of the 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) Betamek is required to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the Proposed LTIP, as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 11 July 2025.






Announcement Info

Company Name BETAMEK BERHAD
Stock Name BETA
Date Announced 11 Jul 2025
Category General Announcement for PLC
Reference Number GA1-10072025-00043