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OTHERS Scope Industries Berhad ("Scope" or "the Company") - Offer of Awards under Scope Employees' Share Scheme 2021 ("ESS")

SCOPE INDUSTRIES BERHAD

Type Announcement
Subject OTHERS
Description
Scope Industries Berhad ("Scope" or "the Company")
- Offer of Awards under Scope Employees' Share Scheme 2021 ("ESS")

Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Scope wishes to announce the Company has on 27 July 2021 made the first Offer of Awards of ordinary shares in Scope (“Scope Shares”) to eligible directors and/or employees, which comprises award of Scope Shares (“Shares Grant”) and options to subscribe for the Scope Shares (“ESS Options”) under ESS. The details of which are set out below :-

 

No.

Description of Awards

Shares Grant

ESS Options

1.

Date of offer

27 July 2021

27 July 2021

2.

Exercise price of options offered

Not applicable

RM0.225

3.

Number of Scope Shares / options offered

1,479,800

42,754,900

4.

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

RM0.245

RM0.245

5.

Number of Scope Shares / options offered to Director(s) :-

 

 

 

(i)

Lee Min Huat

Nil

10,000,000

 

(ii)

Lim Chiow Hoo

Nil

10,000,000

6.

Vesting period of the Scope Shares / options offered

The award once accepted will be vested to the eligible employees over a period of up to four (4) years, subject to the fulfilment of vesting conditions

The ESS Options shall be exercisable over a period of 4 years.

 

This announcement is dated 27 July 2021






Announcement Info

Company Name SCOPE INDUSTRIES BERHAD
Stock Name SCOPE
Date Announced 27 Jul 2021
Category General Announcement for PLC
Reference Number GA1-27072021-00081




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