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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 (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

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

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Reference is made to the Company’s announcements dated 17 September 2021 and 6 October 2021 in relation to the Proposals (“Announcements”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.

 

On behalf of the Board of MPI, HLIB wishes to announce that Bursa Securities has, vide its letter dated 11 October 2021, resolved to approve the listing of such number of new Shares, representing up to 10% of the total number of issued Shares (excluding treasury Shares), to be issued pursuant to the Proposed ESS, subject to the following:

 

  1. MPI must fully comply with Paragraph 8.19 of the Listing Requirements pertaining to the implementation of the Proposed ESS;
  2. HLIB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed ESS; and
  3. MPI is required to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the Proposed ESS as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 12 October 2021.






Announcement Info

Company Name MALAYSIAN PACIFIC INDUSTRIES BERHAD
Stock Name MPI
Date Announced 12 Oct 2021
Category General Announcement for PLC
Reference Number GA1-12102021-00034




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