NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS GUOCOLAND (MALAYSIA) BERHAD ("GLM" OR "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 OF OPTIONS AND/OR GRANTS TO THE GROUP MANAGING DIRECTOR OF GLM (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| GUOCOLAND (MALAYSIA) BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS |
| Description | GUOCOLAND (MALAYSIA) BERHAD ("GLM" OR "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 OF OPTIONS AND/OR GRANTS TO THE GROUP MANAGING DIRECTOR OF GLM
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
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Reference is made to the Company’s announcements dated 13 October 2022 in relation to the Proposals (“Announcements”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements. On behalf of the Board of GLM, HLIB wishes to announce that Bursa Securities has, vide its letter dated 19 October 2022, resolved to approve the listing of such number of new Shares, representing up to 10% of the total number of issued Shares, to be issued pursuant to the Proposed ESS, subject to the following: 1. HLIB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed ESS; and 2. GLM is required to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the Proposed ESS as at the end of each quarter together with a detailed computation of listing fees payable. This announcement is dated 19 October 2022. |
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Announcement Info
| Company Name | GUOCOLAND (MALAYSIA) BERHAD |
| Stock Name | GUOCO |
| Date Announced | 19 Oct 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19102022-00046 |