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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS GENETEC TECHNOLOGY BERHAD ("GENETEC" OR THE "COMPANY") PROPOSED NEW EMPLOYEES SHARE OPTION SCHEME

GENETEC TECHNOLOGY BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
GENETEC TECHNOLOGY BERHAD ("GENETEC" OR THE "COMPANY")
PROPOSED NEW EMPLOYEES SHARE OPTION SCHEME

For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Company’s announcement in relation to the Proposed New ESOS dated 19 June 2020.

 

On behalf of the Board, KAF IB is pleased to announce that Bursa Securities had vide its letter dated 9 July 2020, resolved to approve the listing of such number of new ordinary shares, representing up to 15% of the Company’s total number of issued shares (excluding treasury share), to be issued pursuant to the Proposed New ESOS subject to the following:-

 

1. KAF IB is required to submit confirmation to Bursa Securities of full compliance of the Proposed New ESOS pursuant to Rule 6.44(1) of the ACE Market Listing Requirements (“ACE LR”) and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting; and

 

2. Genetec is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed New ESOS, at the end of each quarter  together with a detailed computation of listing fees payable.

 

 

This announcement is dated 10 July 2020.






Announcement Info

Company Name GENETEC TECHNOLOGY BERHAD
Stock Name GENETEC
Date Announced 10 Jul 2020
Category General Announcement for PLC
Reference Number GA1-10072020-00025




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