NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS MALAYSIAN PACIFIC INDUSTRIES BERHAD ("MPI" OR THE "COMPANY") (I) PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE SCHEME COMPRISING A PROPOSED NEW EXECUTIVE SHARE OPTION SCHEME AND A PROPOSED NEW EXECUTIVE SHARE GRANT SCHEME (II) PROPOSED ALLOCATION TO THE GROUP MANAGING DIRECTOR OF MPI
| MALAYSIAN PACIFIC INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS |
| Description | MALAYSIAN PACIFIC INDUSTRIES BERHAD ("MPI" OR THE "COMPANY")
(I) PROPOSED ESTABLISHMENT OF A NEW EXECUTIVE SHARE SCHEME COMPRISING A PROPOSED NEW EXECUTIVE SHARE OPTION SCHEME AND A PROPOSED NEW EXECUTIVE SHARE GRANT SCHEME
(II) PROPOSED ALLOCATION TO THE GROUP MANAGING DIRECTOR OF MPI |
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On behalf of the Board of Directors of MPI, Hong Leong Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:
(i) establish and implement a new executive share scheme, which comprise a proposed new executive share option scheme and a proposed new executive share grant scheme of up to 10% of the issued ordinary shares in MPI (“Shares”) (excluding treasury Shares) for the eligible executives and/or directors of MPI and its subsidiaries (“Proposed ESS”); and
(ii) allocation of options and/or grants to the Group Managing Director of MPI under or pursuant to the Proposed ESS (“Proposed Allocation”).
(The Proposed ESS and the Proposed Allocation are collectively referred to as the “Proposals”).
This announcement is dated 17 September 2021. |
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Please refer attachment below.
Announcement Info
| Company Name | MALAYSIAN PACIFIC INDUSTRIES BERHAD |
| Stock Name | MPI |
| Date Announced | 17 Sep 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17092021-00113 |