OTHERS VSOLAR GROUP BERHAD (THE COMPANY OF VSOLAR) - EMPLOYEES SHARE OPTION SCHEME (ESOS)

VSOLAR GROUP BERHAD

Type Announcement
Subject OTHERS
Description
VSOLAR GROUP BERHAD (THE COMPANY OF VSOLAR)
- EMPLOYEES SHARE OPTION SCHEME (ESOS)

We refer to the Employees Share Option Scheme (“ESOS”) which was approved by the shareholders of Vsolar at the Extraordinary General Meeting held on 9 July 2015.

Pursuant to Rule 9.19(51) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, Vsolar wishes to announce that Vsolar has on 15 March 2016 offered a total of 30,000,000 share options at the option price of RM 0.10 to eligible employees of Vsolar in accordance with the By-Laws of the ESOS. The details of the offer of share options are as follows:-

(a) Date of Offer : 15 March 2016
(b) Number of shares offered : 30,000,000
(c) Exercise price of shares offered : RM 0.10
(d) Closing price of Vsolar’s Shares on the date of the Offer : RM 0.07
(e) Number of Shares offered to the Company’s Directors under the ESOS    
  (i) Datuk Manan Bin Haji Md. Said : 2,777,500
  (ii) Ameezan Bin Jamal : 2,251,400
  (iii) Khoo Chee Siang : NIL
  (iv) Abdul Menon Bin Arsad @ Abdul Manan Bin Arshad : NIL
  (v) Ng Chee Kin : NIL
(f) Vesting period of the Shares offered : Not Applicable

This Announcement is dated 15 March, 2016.

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Announcement Info

Company Name VSOLAR GROUP BERHAD
Stock Name VSOLAR
Date Announced 15 Mar 2016
Category General Announcement for PLC
Reference Number GA1-15032016-00001