NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS LANDMARKS BERHAD ("LANDMARKS" OR "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF UP TO 15% OF THE TOTAL ISSUED SHARES OF LANDMARKS (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME OVER THE DURATION OF THE PROPOSED ESOS ("PROPOSED ESOS")

LANDMARKS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
LANDMARKS BERHAD ("LANDMARKS" OR "COMPANY")

PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF UP TO 15% OF THE TOTAL ISSUED SHARES  OF LANDMARKS (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME OVER THE DURATION OF THE PROPOSED ESOS ("PROPOSED ESOS")

(Reference is made to the Company’s announcements dated 27 March 2018 and 2 April 2018 in relation to the Proposed ESOS ("Announcements"). Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those used in the Announcements.)

On behalf of the Board, Maybank IB wishes to announce that Bursa Securities had, vide its letter dated 5 April 2018, resolved to approve the listing and quotation for such number of new Landmarks Shares, representing up to 15% of the total number of issued shares of Landmarks (excluding treasury shares) at any point in time, to be issued pursuant to the Proposed ESOS subject to the following:

  1. Maybank IB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Paragraph 6.43(1) of the Main Market Listing Requirements of Bursa Securities and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting; and
  2. Landmarks is required to furnish Bursa Securities on a quarterly basis a summary of the total number of new Landmarks Shares listed pursuant to the Proposed ESOS as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 6 April 2018.






Announcement Info

Company Name LANDMARKS BERHAD
Stock Name LANDMRK
Date Announced 06 Apr 2018
Category General Announcement for PLC
Reference Number GA1-06042018-00029