News

Offer And Grant Of Options Of Up To Fifteen Per Centum (15%) Of The Total Number Of Issued Shares Of the Company (Excluding Treasury Shares) Pursuant To The Long Term Incentive Plan ("LTIP")

BackJun 20, 2022
Type Announcement
Subject OTHERS
Description

AWANBIRU TECHNOLOGY BERHAD ("AWANTEC" OR "THE COMPANY") - OFFER AND GRANT OF OPTIONS OF UP TO FIFTEEN PER CENTUM (15%) OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES) PURSUANT TO THE LONG TERM INCENTIVE PLAN ("LTIP")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the LTIP.

 

Reference is made to the LTIP, which was approved by the shareholders of AWANTEC on 15 September 2020 and later implemented on 25 January 2021.

 

Pursuant to Paragraph 9.19(51) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Company wishes to announce that the Company has today made the second offer of options to Mr. Chan Wan Siew, an independent director of AWANTEC in accordance with the By-Laws of the LTIP.

 

Mr. Chan Wan Siew has seven (7) days to accept the new options, which the particulars are as set out below: -

 

1.

Date of offer of the LTIP Options

:

20 June 2022

2.

Exercise price of LTIP Options offered

:

RM0.393

3.

Number of LTIP Options offered

:

130,000

4

Closing market price of the Company’s shares on the date of offer

:

RM0.41

5.

Number of Options offered to Director of the Company

:

Name

No. of LTIP Options offered

Chan Wan Siew

130,000

 

6.

Vesting period of the LTIP Options offered

:

30 June 2022 to 29 June 2023

 

This announcement is dated 20 June 2022.




Announcement Info

Company Name AWANBIRU TECHNOLOGY BERHAD
Stock Name AWANTEC
Date Announced 20 Jun 2022
Category General Announcement for PLC
Reference Number GA1-15062022-00020