General Announcement for PLC

31/03/2022

OTHERS OFFER OF SHARES AND OPTIONS UNDER CIMB GROUP HOLDINGS BERHAD ("CIMBGH" or "the Company") LONG TERM INCENTIVE PLAN ("LTIP")

CIMB GROUP HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description 
OFFER OF SHARES AND OPTIONS UNDER CIMB GROUP HOLDINGS BERHAD ("CIMBGH" or "the Company") LONG TERM INCENTIVE PLAN ("LTIP")

Reference is made to the LTIP which was implemented by the Company on 9 June 2021.

 

Pursuant to Paragraph 9.19 (51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it has on 31 March 2022, made an offer of shares and options to eligible employees of the Company and its subsidiaries to subscribe for new ordinary shares in the Company under the LTIP. The details of the offer are as follows: -

Date of Offer

   :

31 March 2022

Exercise Price of Options offered

   :

RM 5.58

Number of Shares and Options offered

   :

1,965,000 shares and 8,991,000 options

Closing market price of CIMBGH shares on the date of offer

  : 

RM 5.33

Number of Shares and Options offered to Directors, if any

  :

None

Vesting Date(s) of Shares and Options offered

:

 

Vesting Date

Percentage of Shares Vested * /  Options Exercisable

31 March 2024

     50%

31 March 2025

     50%

 *  The vesting of shares is subject to the achievement of performance conditions as at 31 December 2023 and 31 December 2024 respectively. 

 

This announcement is dated 31 March 2022.



Announcement Info

Company Name CIMB GROUP HOLDINGS BERHAD
Stock Name CIMB
Date Announced 31 Mar 2022
Category General Announcement for PLC
Reference Number GA1-31032022-00109


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