Date : 25 August 2016

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MRCB (EXCLUDING TREASURY SHARES), FOR THE ELIGIBLE EMPLOYEES OF MRCB AND ITS SUBSIDIARIES (EXCLUDING SUBSIDIARIES WHICH ARE DORMANT) AND ELIGIBLE EXECUTIVE DIRECTORS OF MRCB ("PROPOSED LTIP")

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")

PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MRCB (EXCLUDING TREASURY SHARES), FOR THE ELIGIBLE EMPLOYEES OF MRCB AND ITS SUBSIDIARIES (EXCLUDING SUBSIDIARIES WHICH ARE DORMANT) AND ELIGIBLE EXECUTIVE DIRECTORS OF MRCB ("PROPOSED LTIP")

On behalf of the Board of Directors of MRCB, RHB Investment Bank Berhad wishes to announce that the Company proposes to establish a long-term incentive plan of up to 10% of the issued and paid-up share capital of MRCB (excluding treasury shares), for the eligible employees of MRCB and its subsidiaries (excluding subsidiaries which are dormant) and eligible executive directors of MRCB who fulfil the eligibility criteria.

Further details on the Proposed LTIP are set out in the attachment below.

 

This announcement is dated 25 August 2016.




Please refer attachment below.



Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 25 Aug 2016
Category General Announcement for PLC
Reference Number GA1-24082016-00078