Date : 12 December 2018

OTHERS AWARD OF SHARES UNDER THE RESTRICTED SHARE PLAN OF THE 2018 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 2018 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 2018 under the Executive Share Grant Scheme (“ESGS”):

 

 

Details of RSP under the 2018 ESGS Award

 

1.

Award Date

:

12 December 2018

2.

Number of shares offered to Eligible Persons

:

14,592,900 shares               

3.

Number of shares offered to:

 

 

 

- Group Managing Director (“GMD”)

:

584,500  shares

 

- Person connected to GMD

:

186,000  shares

 

- Other selected executives

:

13,822,400  shares

4.

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

:

RM0.65 

5.

Vesting Period

:

The 2018 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 12 December  2018.

 






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 12 Dec 2018
Category General Announcement for PLC
Reference Number GA1-12122018-00009