New Issue Of Securities (Chapter 6 Of Listing Requirements) : Esos
BackMar 25, 2024
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS |
| Description | KINERGY ADVANCEMENT BERHAD (FORMERLY KNOWN AS KEJURUTERAAN ASASTERA BERHAD) ("KAB" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARES SCHEME ("ESS" OR "SCHEME") OF UP TO 5% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN KAB (EXCLUDING TREASURY SHARES) AT ANY POINT IN TIME DURING THE TENURE OF THE SCHEME, FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF KAB AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) ("PROPOSED ESS") |
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On behalf of the Board of Directors of KAB ("Board"), Malacca Securities Sdn. Bhd. ("Malacca Securities") wishes to announce that the Company is proposing to establish an employees' shares scheme of up to 5% of the total number of issued ordinary shares in KAB ("KAB Shares" or the "Shares") (excluding treasury shares) at any point in time during the tenure of the Scheme for eligible Directors and employees of KAB and its subsidiaries ("KAB Group" or the "Group") (excluding dormant subsidiaries).
Further details on the Proposed ESS are set out in the enclosed attachment.
This announcement is dated 25 March 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 25 Mar 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25032024-00069 |
Attachments
- KAB_-_Proposed_ESS_20240325.pdf (Size: 194,577 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.