Pursuant to Paragraph 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that 11,000,000 options were offered on 30 July 2021 pursuant to the Share Issuance Scheme (“SIS”) at an option price of RM0.448 to eligible Directors and employees of the Company and its subsidiaries which are not dormant. Details of the offer of the SIS options are as follows:
| |
Description of offer under the SIS
|
|
|
|
1.
|
Date of offer of the options
|
:
|
30 July 2021
|
|
2.
|
Exercise price of options offered
|
:
|
RM0.448
|
|
3.
|
Number of options offered
|
:
|
11,000,000
|
|
4.
|
Market price of the Company's shares on the date of offer
|
:
|
RM0.550
|
|
5.
|
Number of options offered to the following Directors:
|
|
|
|
|
(i) Toh Hong Chye
|
:
|
3,000,000
|
|
|
(ii) Tan Fie Jen
|
:
|
3,000,000
|
|
|
(iii) Low Kim Leng
|
:
|
500,000
|
|
6.
|
Vesting period of the options offered
|
:
|
Not Applicable
|
This announcement is dated 30 July 2021.