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

Amended Announcements
Please refer to the earlier announcement reference number: GA1-01072019-00064

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 02 July 2019 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

02 July 2019

Exercise price of the options offered

0.265*

Total number of ESOS options offered

5,944,000

Market price of Saudee shares on the date of offer

0.290

Number of ESOS options offered to director:

 

1.Mr Khoo Lay Tatt

4,304,000

2.Ms Low Ai Choo

264,000

3.Tan Leong Chin**

132,000

Vesting period of the ESOS options offered

N/A

 

Note : * Being a discount of 10% to the five (5)-day Volume weighted average market price of Saudee shares of RM0.29 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 03 July 2019.






Announcement Info

Company Name SAUDEE GROUP BERHAD
Stock Name SAUDEE
Date Announced 03 Jul 2019
Category General Announcement for PLC
Reference Number GA1-03072019-00052