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OTHERS POWER ROOT BERHAD ("POWER ROOT" OR "THE COMPANY") - OFFER OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME

POWER ROOT BERHAD

Type Announcement
Subject OTHERS
Description
POWER ROOT BERHAD ("POWER ROOT" OR "THE COMPANY")
- OFFER OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME

Pursuant to Paragraph 9.19(51) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Company wishes to announce the following offer of options to eligible Directors and Key Employees to subscribe for new ordinary shares in the Company ("Options") under the Employees' Share Option Scheme of the Company ("ESOS").

 

The details of the Options offered to the eligible Directors and Key Employees of the Company are as set out as below:-

 

No.

Description of Options offered under the ESOS

   

1.

Date of Offer of the Options

:

9 August 2022

2.

Exercise price of Options offered

:

RM2.00

3.

Number of Options offered

:

38,790,000

4.

Market Price of the Company's shares on the Date of Offer

:

RM1.69

5.

Number of Options offered to Directors of the Company:-

   
 

a. Dato’ Afiffudin Bin Abdul Kadir

 

    200,000

 

b. Y.A.D. Tengku Dato’ Setia Putra  Alhaj Bin Tengku Azman Shah Alhaj

 

    200,000

 

c. Wong Tak Keong

 

15,000,000

 

d. Dato’ How Say Swee

 

  2,000,000

 

e. Dato’ Wong Fuei Boon

 

  2,000,000

 

f.  See Thuan Po

 

  5,000,000

 

g. Low Jun Lee

 

     100,000

 

h. Ong Kheng Swee

 

     100,000

 

i.  Azahar Bin Baharudin

 

     100,000

 

j.  Dato’ Tea Choo Keng

 

     100,000

 

k. Tan Lay Beng

 

     100,000

6.

Vesting period of the Options offered

:

The ESOS Options shall be exerciseable within the ESOS tenure

 

*The (5) days weighted average market price ("WAMP") of the Power Root Shares immediately preceding the Date of Offer is RM1.7552.

 

This announcement is dated 9 August 2022.






Announcement Info

Company Name POWER ROOT BERHAD
Stock Name PWROOT
Date Announced 09 Aug 2022
Category General Announcement for PLC
Reference Number GA1-09082022-00056




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