Date : 20 December 2017

OTHERS AWARD OF SHARES UNDER THE RESTRICTED SHARE PLAN OF THE EXECUTIVE SHARE GRANT SCHEME OF MALAYSAN RESOURCES CORPORATION BERHAD ("MRCB" or "the Company")

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
AWARD OF SHARES UNDER THE RESTRICTED SHARE PLAN OF THE EXECUTIVE SHARE GRANT SCHEME OF MALAYSAN RESOURCES CORPORATION BERHAD ("MRCB" or "the Company")

The Long Term Incentive Plan was approved by the shareholders of the Company at the Extraordinary General Meeting held on 30 November 2016. The tenure of the Long Term Incentive Plan is 5 years from 28 November 2017.

Pursuant to Paragrapgh 9.19(51) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, MRCB wishes to announce the following details of the Company’s Restricted Share Plan (“RSP”) for 2017 under the Executive Share Grant Scheme (“ESGS”):

 

Details of RSP under the 2017 ESGS Award

1.

Award Date

:

20 December 2017

2.

Number of shares offered to Eligible Persons

:

12,338,300 shares

3.

Number of shares offered to:

 

 

 

- Group Managing Director

:

1,388,800 shares

 

- Executive Director

:

403,700 shares

 

- Persons connected to executive directors

:

  107,000 shares

 

- Other selected executives

 

10,438,800 shares

4.

Closing market price of the Company’s shares on the Award Date

:

RM1.07

5.

Vesting Period

:

The 2017 ESGS Award once accepted will be vested to the Eligible Persons at no consideration over a period of up to three (3) years, subject to the fulfilment of vesting conditions.

The announcement is dated 20 December  2017.

 

 






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 20 Dec 2017
Category General Announcement for PLC
Reference Number GA1-20122017-00055