Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Tanco Holdings Berhad (Tanco) wishes to announce that it has offered options to eligible employees under its Share Issuance Scheme ("SIS"), the details of which are as follows:
(a) Date of offer : 12 March 2014
(b) Exercise price of options offered : RM0.20
(c) Number of options offered : 34,090,000
(d) Market price of Tancos shares on the date of the offer : RM0.155
(e) Number of options offered to Directors of Tanco:
Name
|
No. of options offered
|
Datuk Seri Tan Jing Nam (Group
Managing Director)
|
3,000,000
|
Dato Tan Lee Sing (Executive
Director)
|
2,000,000
|
Andrew Tan Jun Suan (Executive
Director)
|
2,000,000
|
Dato Dr. Mohd. Aminuddin Bin Mohd. Rouse (Independent Non-Executive Director)
|
1,000,000
|
Dato Dr. Mohd. Noordin Bin Haji Keling (Independent Non-Executive Director)
|
1,000,000
|
James Wong Kwong Yew (Independent
Non-Executive Director)
|
1,000,000
|
Chan Chee Meng (Executive
Director)
|
2,000,000
|
Koay Ghee Teong (Executive
Director)
|
2,000,000
|
(f) Vesting period of options offered : from 12 March 2014 to 11 March 2017.
This announcement is dated 12 March 2014.