General Announcement for PLC

09/10/2020

OTHERS MANAGEPAY SYSTEMS BERHAD ("MPay" or "the Company") - Offer and Grant of Options under the Employees' Share Option Scheme ("ESOS")

MANAGEPAY SYSTEMS BERHAD

Type Announcement
Subject OTHERS
Description
MANAGEPAY SYSTEMS BERHAD ("MPay" or "the Company")
- Offer and Grant of Options under the Employees' Share Option Scheme ("ESOS")

Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that the Company has made an offer of options of a total of 88,625,000 at the option price of RM0.145 to eligible employees and Directors of the Company in accordance with the By-Laws of the ESOS.

 

Details of the offer of share options are as follows:-

 

No. 

Description of Options under the ESOS

 

 

1.

Date of offer of the options          

:

9 October 2020

2.

Exercise price of options offered 

:

RM0.145

3.

Number of options or shares offered 

:

88,625,000

4.

Market price of the Company's security on the date of the offer

:

RM0.15

5.

Number of options or shares offered to each director

 

 

 

Group Managing Director:-

 

 

 

1. Dato’ Chew Chee Seng

:

10,000,000

 

Non-Executive Directors:-

 

 

 

1. Dato’ Dr. Mohd Aminuddin Bin Mohd Rouse   

:

2,000,000

 

2. Dato’ Mohamad Kamarudin Bin Hassan   

:

1,500,000

 

3. Cheong Chee Yun     

:

1,500,000

 

4. Chin Shea Fong

:

3,000,000

 

5. Dato’ Chong Yoke Har

:

1,500,000

6.

Number of options or shares offered to each director in the subsidiaries or related party

 

 

 

1. Soon Kian Heng

:

1,500,000

 

2. Chin Shea Swong

:

5,000,000

 

3. Chew Lean Mei

:

2,000,000

7.

 

Vesting period of the options or shares offered   

:

First 20%: year 2020

 

The remaining balance of 80% will vest equally over 4 years from 2021 to 2024.

 

 

This announcement is dated 9 October 2020.






Announcement Info

Company Name MANAGEPAY SYSTEMS BERHAD
Stock Name MPAY
Date Announced 09 Oct 2020
Category General Announcement for PLC
Reference Number GA1-08102020-00104


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