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 16 April 2020 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

16 April 2020

Exercise price of the options offered

0.13*

Total number of ESOS options offered

14,484,100

Market price of Saudee shares on the date of offer

0.18

Number of ESOS options offered to director:

 

1.Mr Khoo Lay Tatt

8,596,000

2.Ms Low Ai Choo

396,000

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 RM0.1431 immediately preceding the date of the offer.

This announcement is dated 16 April 2020.






Announcement Info

Company Name SAUDEE GROUP BERHAD
Stock Name SAUDEE
Date Announced 16 Apr 2020
Category General Announcement for PLC
Reference Number GA1-15042020-00042