OTHERS EMPLOYEES' SHARE GRANT PLAN PURSUANT TO THE LONG-TERM INCENTIVE PLAN ("LTIP")

OMESTI BERHAD

Type Announcement
Subject OTHERS
Description
EMPLOYEES' SHARE GRANT PLAN PURSUANT TO THE LONG-TERM INCENTIVE PLAN ("LTIP")

Further to the announcement dated 16 August 2018 in relation to the LTIP, which comprises employees share option scheme and the employees' share grant plan ("ESGP").

 

Pursuant to the LTIP implemented effective from 16 October 2013 and Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Omesti Berhad ("Omesti" or "the Company") wishes to announce that Omesti has on 2 August 2019 made the award of 356,000 new ordinary shares ("Omesti Shares") under the Restricted Share Plan ("RSP") under the ESGP ("Award") pursuant to the LTIP to the eligible employees and Directors, the details of which are set out in the table below.

 

Description of Award awarded under the ESGP 

 

Date of Award

:

2 August 2019

Exercise price of the Award

:

Not applicable as the Omesti Shares will be issued upon vesting at no consideration 

Number of Omesti Shares awarded

:

356,000

Average market price of the Omesti Shares on the date of Award

:

RM0.4025

Number of Omesti Shares awarded to the following Officers of the Company: 

Name

Designation

No. of Shares

a) Mathieu Henri Chauvinc

Chief Technology Officer

178,000

b) Louis Tan Hai Aun

Chief Innovation Officer

178,000

Vesting date of the Omesti Shares awarded

:

 5 August 2019

 

This announcement is dated 5 August 2019.  






Announcement Info

Company Name OMESTI BERHAD
Stock Name OMESTI
Date Announced 05 Aug 2019
Category General Announcement for PLC
Reference Number GA1-29052019-00096