General Announcement for PLC
29/07/2022NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS SOUTHERN STEEL BERHAD ("SSB" OR "COMPANY") (I) PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE SCHEME COMPRISING A PROPOSED NEW EXECUTIVE SHARE OPTION SCHEME AND A PROPOSED NEW EXECUTIVE SHARE GRANT SCHEME (II) PROPOSED ALLOCATION OF OPTIONS AND/OR GRANTS TO THE GROUP MANAGING DIRECTOR OF SSB
| SOUTHERN STEEL BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS |
| Description | SOUTHERN STEEL BERHAD ("SSB" OR "COMPANY")
(I) PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE SCHEME COMPRISING A PROPOSED NEW EXECUTIVE SHARE OPTION SCHEME AND A PROPOSED NEW EXECUTIVE SHARE GRANT SCHEME
(II) PROPOSED ALLOCATION OF OPTIONS AND/OR GRANTS TO THE GROUP MANAGING DIRECTOR OF SSB |
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On behalf of the Board of Directors of SSB, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that the Company proposes to undertake the following: (i) establish and implement a new executive share scheme, which comprises a proposed new executive share option scheme and a proposed new executive share grant scheme of up to 10% of the total number of issued ordinary shares in SSB (“Shares”) (excluding treasury Shares) for the eligible executives and/or directors of SSB and its subsidiaries (“Proposed ESS”); and (ii) allocation of options and/or grants to the Group Managing Director of SSB under or pursuant to the Proposed ESS (“Proposed Allocation”). (The Proposed ESS and the Proposed Allocation are collectively referred to as the “Proposals”). Kindly refer to the attached document for further details on the Proposals. This announcement is dated 29 July 2022. |
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Please refer attachment below.
Attachments
SSB - Proposed ESS (29.07.2022).pdf
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Announcement Info
| Company Name | SOUTHERN STEEL BERHAD |
| Stock Name | SSTEEL |
| Date Announced | 29 Jul 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29072022-00013 |