OTHERS SAUDEE GROUP BERHAD ("SAUDEE" OR "COMPANY") -OFFER OF OPTIONS UNDER EMPLOYEES SHARE OPTION SCHEME (ESOS)

SAUDEE GROUP BERHAD

Type Announcement
Subject OTHERS
Description
SAUDEE GROUP BERHAD ("SAUDEE" OR "COMPANY")
-OFFER OF OPTIONS UNDER EMPLOYEES SHARE OPTION SCHEME (ESOS)

Pursuant to paragraph 9.19 (51) of the Main Market Listing Requirements to Bursa Malaysia Securities Berhad, the Board of Directors of Saudee Group Berhad wishes to announce that the offer of options have been made on 25 January 2018 to the eligible person in accordance with the By-Laws of the ESOS. The details of the offer of options are as follows:

Date of offer

25 January 2018

Exercise price of the options offered

RM0.43*

Total number of ESOS options offered

19,800,000

Market price of Saudee shares on the date of offer

Closing price of Saudee share on the date of offer is RM0.50

Number of ESOS options offered to each director:

 

  1. Mr Khoo Lay Tatt

13,200,000

  1. Ms Low Ai Choo

660,000

  1. Tan Leong Chin**

330,000

Vesting period of the ESOS options offered

Not applicable

 

Note :

* Being a discount of 9.93% to the five (5)-day Volume weighted average market price of Saudee shares of RM0.4774 immediately preceding the date of the offer.

**an employee of Saudee who is the son of Tan Khang Khim and Low Ai Choo

This announcement is dated 25 January 2018.






Announcement Info

Company Name SAUDEE GROUP BERHAD
Stock Name SAUDEE
Date Announced 25 Jan 2018
Category General Announcement for PLC
Reference Number GA1-25012018-00155