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OTHERS SOLARVEST HOLDINGS BERHAD - OFFER AND GRANT OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME ("ESOS")

SOLARVEST HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
SOLARVEST HOLDINGS BERHAD - OFFER AND GRANT OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME ("ESOS")

Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Solarvest Holdings Berhad ("Solarvest" or "Company") wishes to announce that it has offered options to eligible Directors and employees of the Company and its non-dormant subsidiaries to subscribe for new ordinary shares in the Company under the ESOS on 8 September 2022. The details of the offer are as follows:

 

Date of offer

:

8 September 2022

Exercise price of ESOS options offered

:

RM0.66

Number of ESOS options offered

:

20,490,000

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

:

RM0.74

Number of ESOS options offered to Directors of Solarvest

:

  1. Lim Chin Siu – 2,500,000 Option
  2. Tan Chyi Boon – 2,500,000 Option
  3.  Chong Chun Shiong – 5,000,000 Option
  4. Other Eligible Employees – Up to 10,490,000 Option

Vesting period of ESOS options offered

:

Commencing from

Maximum percentage of ESOS options exercisable

7 September 2023

30%

7 September 2024

30%

7 September 2025

40%

 

This announcement is dated 8 September 2022






Announcement Info

Company Name SOLARVEST HOLDINGS BERHAD
Stock Name SLVEST
Date Announced 08 Sep 2022
Category General Announcement for PLC
Reference Number GA1-07092022-00062




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