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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS MALAYSIAN PACIFIC INDUSTRIES BERHAD ("MPI" OR THE "COMPANY") (I) PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE SCHEME COMPRISING A PROPOSED NEW EXECUTIVE SHARE OPTION SCHEME AND A PROPOSED NEW EXECUTIVE SHARE GRANT SCHEME (II) PROPOSED ALLOCATION TO THE GROUP MANAGING DIRECTOR OF MPI

MALAYSIAN PACIFIC INDUSTRIES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
MALAYSIAN PACIFIC INDUSTRIES BERHAD ("MPI" OR THE "COMPANY")

(I)	PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE SCHEME COMPRISING A PROPOSED NEW EXECUTIVE SHARE OPTION SCHEME AND A PROPOSED NEW EXECUTIVE SHARE GRANT SCHEME 

(II)	PROPOSED ALLOCATION TO THE GROUP MANAGING DIRECTOR OF MPI

On behalf of the Board of Directors of MPI, Hong Leong Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:

 

(i) establish and implement a new executive share scheme, which comprise a proposed new executive share option scheme and a proposed new executive share grant scheme of up to 10% of the issued ordinary shares in MPI (“Shares”) (excluding treasury Shares) for the eligible executives and/or directors of MPI and its subsidiaries (“Proposed ESS”); and

 

(ii) allocation of options and/or grants to the Group Managing Director of MPI under or pursuant to the Proposed ESS (“Proposed Allocation”).

 

(The Proposed ESS and the Proposed Allocation are collectively referred to as the “Proposals”).


Further details on the Proposals are as set out in the attachment below.

 

 

This announcement is dated 17 September 2021.




Please refer attachment below.

Attachments

MPI - Proposed ESS.pdf
189.5 kB



Announcement Info

Company Name MALAYSIAN PACIFIC INDUSTRIES BERHAD
Stock Name MPI
Date Announced 17 Sep 2021
Category General Announcement for PLC
Reference Number GA1-17092021-00113




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