General Announcement for PLC

19/11/2021

OTHERS LAMBO GROUP BERHAD ("LAMBO" OR "COMPANY") - OFFER OF OPTIONS UNDER THE COMPANY'S EMPLOYEES' SHARE OPTION SCHEME ("ESOS")

LAMBO GROUP BERHAD

Type Announcement
Subject OTHERS
Description 
LAMBO GROUP BERHAD ("LAMBO" OR "COMPANY")
- OFFER OF OPTIONS UNDER THE COMPANY'S EMPLOYEES' SHARE OPTION SCHEME ("ESOS")

Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wish to announce that it has offered options to eligible directors and employees under the Company’s ESOS, the details of which are as follows:-

 

1.

Date of offer of the options 

19 November 2021

 

2.

Exercise price of options offered**

RM 0.0475

 

3.

Number of options offered 

299,509,000

 

4.

Market price of the Company’s shares on date of offer

RM0.05

 

5.

Number of options offered to the Board of Directors of LAMBO 

(a) Koo Kien Yoon – 70,076,000

(b) Zhuang GuoHua – 70,076,000

 

6.

Vesting period of the options offered 

The options shall be exercisable from the date of acceptance of the options for 60 days

 

 

** Being discount of 5% to the five (5) days volume-weighted average price of LAMBO’s shares at RM0.05 immediately preceding 18 November 2021. 

 

This announcement is dated 19 November 2021. 



Announcement Info

Company Name LAMBO GROUP BERHAD
Stock Name LAMBO
Date Announced 19 Nov 2021
Category General Announcement for PLC
Reference Number GA1-19112021-00041


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