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OTHERS ES CERAMICS TECHNOLOGY BERHAD ("ES") ADJUSTMENT TO THE OPTION PRICE AND NUMBER OF UNEXERCISED OPTIONS PURSUANT TO THE LONG TERM INCENTIVE PLAN - EMPLOYEES' SHARE OPTION SCHEME

ES CERAMICS TECHNOLOGY BHD

Type Announcement
Subject OTHERS
Description
ES CERAMICS TECHNOLOGY BERHAD ("ES")
ADJUSTMENT TO THE OPTION PRICE AND NUMBER OF UNEXERCISED OPTIONS PURSUANT TO THE LONG TERM INCENTIVE PLAN - EMPLOYEES' SHARE OPTION SCHEME

The Board of Directors ("Board") of ES wishes to announce that subsequent to the Bonus Issue of 224,978,097 Ordinary Shares in ES on the basis of 1 Bonus Share for every 1 existing Ordinary Share in ES held as at 5.00 p.m. on 15 October 2020, the option price and number of unexercised options pursuant to the Long Term Incentive Plan – Employees’ Share Option Scheme ("ESOS") of ES have been adjusted in accordance with the Bylaws governing the existing options granted under the ESOS as follows:-

 

 

Prior to the Adjustments

After the

Adjustments

 

 

 

Outstanding ESOS Options A

 

 

Exercise price

RM0.210

RM0.11

Number of Outstanding ESOS Options

2,150,000

4,300,000

Outstanding ESOS Options B

 

 

Exercise price

RM0.615

RM0.31

Number of Outstanding ESOS Options

9,437,000

18,874,000

 

The total number of Additional Options offered to the Directors of ES are as follows:-

 

Name of Director

Options A

Options B

Wong Fook Lin

1,000,000

1,400,000

Tan Boon Sing

100,000

-

Dato' Kamal YP Tan

100,000

200,000

Khoo Chen Nan

100,000

-

Rithauddin Hussein Jamalatiff bin Jamaluddin

100,000

-

 

This announcement is dated 22 October 2020.
 






Announcement Info

Company Name ES CERAMICS TECHNOLOGY BHD
Stock Name ESCERAM
Date Announced 22 Oct 2020
Category General Announcement for PLC
Reference Number GA1-22102020-00112




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