Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


OTHERS ADVANCECON HOLDINGS BERHAD ("ADVANCECON" OR "THE COMPANY") - OFFER AND GRANT OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF THE COMPANY

ADVANCECON HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
ADVANCECON HOLDINGS BERHAD ("ADVANCECON" OR "THE COMPANY") 
- OFFER AND GRANT OF OPTIONS UNDER  EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF THE COMPANY

Pursuant to Paragraph 9.19 (51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Advancecon Holdings Berhad (“Advancecon” or “the Company”) wishes to announce that the following offer of options has been made on 20 September 2018 to the eligible employees (including Executive Directors) of the Company and its subsidiaries (“Eligible Employees”) to subscribe for new ordinary shares in the Company under the Employees’ Share Option Scheme ("ESOS") ("Offer").

 

Details of the ESOS Options offered to the Eligible Employees are set out below:

 

No.

Description of Offer under the ESOS

1.

Date of Offer of the Options

20 September 2018

2.

Exercise price of the Options offered

RM0.35

3.

Number of Options offered

(including the Offer to Executive Directors)

20,000,000

4.

Closing market price of Advancecon Shares on the date of the Offer

RM0.39

5.

Number of Options offered to the following Executive Directors of the Company:-

 

 

 (a) Dato' Phum Ang Kia

1,000,000

 

(b) Lim Swee Chai

1,000,000

 

(c) Ir. Yeo An Thai

900,000

 

(d) Tung Kai Hung

900,000

6.

Vesting period of the Options offered

Vesting over 6 months, subject to the fulfilment of certain vesting conditions.

 

This announcement is dated 20 September 2018.






Announcement Info

Company Name ADVANCECON HOLDINGS BERHAD
Stock Name ADVCON
Date Announced 20 Sep 2018
Category General Announcement for PLC
Reference Number GA1-20092018-00078




Close