General Announcement for PLC

02/06/2022

OTHERS SEDANIA INNOVATOR BERHAD ("SEDANIA" OR "THE COMPANY") - OFFER OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME ("ESOS")

SEDANIA INNOVATOR BERHAD

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

Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Sedania wishes to announce that the Company has offered the following options under Sedania’s ESOS which was effectively implemented on 16 November 2015 to the eligible director and employees of Sedania and its subsidiaries (“ESOS Options”) in accordance with the provisions of the By-Laws of the ESOS. The details are set out below:

 

1.

Date of offer

2 June 2022

2.

Exercise price of options offered

RM0.3800

3.

Number of options offered

18,200,000

4.

Market price of its securities on the date of offer

RM0.425

 

5.

Number of options offered to each director

 

Name of Director

 

No. of options offered

Datuk Noor Syafiroz Bin Mohd Noor (Executive Director)

500,000

 

 

 

6.

Vesting period of the options

50% of the ESOS Options shall be exercisable in year 2022 and the remaining 50% to be exercisable in year 2023.

 

The Option Certificates for ESOS Options will be issued to the eligible employees of Sedania and its subsidiaries after due acceptance of the offer in accordance with the By-Laws of the ESOS.

 

This announcement is dated 2 June 2022.

 



Announcement Info

Company Name SEDANIA INNOVATOR BERHAD
Stock Name SEDANIA
Date Announced 02 Jun 2022
Category General Announcement for PLC
Reference Number GA1-02062022-00051


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