OTHERS Shares Offered under an Employees Share Option Scheme of up to Ten Percent (10%) of the total number of issued shares of the Company (ESOS)

DUFU TECHNOLOGY CORP. BERHAD

Type Announcement
Subject OTHERS
Description
Shares Offered under an Employees Share Option Scheme of up to Ten Percent (10%) of the total number of issued shares of the Company (ESOS)

Pursuant to Paragraph 9.19 (51) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Dufu wishes to announce that the Company has on July 1, 2019 (“Offer Date”) offered the following options to its eligible Directors and employees to subscribe for new ordinary shares in Dufu (“Dufu Shares” or “Shares”) (“Options”) under the ESOS in accordance with the ESOS By-laws of the Company:-

(a) Exercise Price of the Options offered: RM1.39

 

(b) Number of Options offered: 9,032,000 Shares.

 

(c) Market price of Dufu’s Shares at the close of the market on the Offer Date: RM1.63

 

(d) Number of Options offered to each director are as follows:-

Directors

Designation

Number of Options offered

Wu, Mao-Yuan

Executive Director

860,000

 

(e) Vesting period of the options or shares offered:

  • 4,413,000 options are allowed to be exercised from 1 July 2020 until 16 June 2024.
  • 4,619,000 options are allowed to be exercised from 1 July 2021 until 16 June 2024.

This announcement is dated July 1, 2019.






Announcement Info

Company Name DUFU TECHNOLOGY CORP. BERHAD
Stock Name DUFU
Date Announced 01 Jul 2019
Category General Announcement for PLC
Reference Number GA1-01072019-00104