General Announcement for PLC

02/08/2021

OTHERS M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY") - EMPLOYEES SHARE OPTION SCHEME ("ESOS")

Amended Announcements
Please refer to the earlier announcement reference number: GA1-15062021-00065

M3 TECHNOLOGIES (ASIA) BERHAD

Type Announcement
Subject OTHERS
Description 
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY")
- EMPLOYEES SHARE OPTION SCHEME ("ESOS")

We refer to the ESOS which was approved by the shareholders of M3Tech at the Extraordinary General Meeting held on 25 November 2015.

Pursuant to Rule 9.19 (51) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, M3Tech wishes to announce that M3Tech has on 15 June 2021 offered a total of 231,378,186 ESOS options at the option price of RM0.070 to eligible employees and directors of M3Tech in accordance with the By-Laws of the ESOS. The details of the offer of ESOS options are as follows:-

(a)

Date of offer

  

:

15 June 2021

(b)

Number of options offered

  

:

 231,378,186

(c)

Exercise price of options offered

  

:

RM0.070

(d)

Closing price of its shares on the date of the offer

  

:

 RM0.070

(e)

Number of options offered to the Company’s Directors under the ESOS

  

:

  
 

(i) Mr. Chew Shin Yong, Mark

    

80,982,365
  (ii) Ms. Lim Kooi Siang     80,982,365

(f)

Vesting period of the options offered

  

:

The options are vested on the offer date

Remark: The Company wishes to clarify that the ESOS were offered to the eligible employees and directors instead of offered to the eligible director only.

This announcement is dated 2 August 2021.



Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 02 Aug 2021
Category General Announcement for PLC
Reference Number GA1-30072021-00133


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