Date : 26 June 2019

OTHERS ALLOTMENT OF SHARES OF THE RESTRICTED SHARE PLAN 2019 TRANCHE 1 UNDER EXECUTIVE SHARE GRANT SCHEME OF MALAYSIAN RESOURCES CORPORATION BERHAD (MRCB or the Company)

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
ALLOTMENT OF SHARES OF THE RESTRICTED SHARE PLAN  2019 TRANCHE 1 UNDER EXECUTIVE SHARE GRANT SCHEME OF MALAYSIAN 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 Paragraph 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”) 2019 Tranche 1 under Executive Share Grant Scheme (“ESGS”):

 

 

Details of RSP 2019 Tranche 1 under ESGS Award 

 

1. Award Date

 

:

 25 June 2019

2. Number of shares offered to Eligible Persons

 

:

 4,717,800

3. Number of shares offered to:

 

:

 

   - Group Managing Director (“GMD”)

:

 138,000

   - Person connected to GMD

:

   43,900

   - Other selected executives

:

 373,400

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

 

 

RM0.955

5. Vesting Period

 

The 2019 ESGS Award will be vested to the Eligible Persons in 3 tranches at no consideration over a period of three (3) years.

 

This announcement is dated 26 June 2019.

 






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 26 Jun 2019
Category General Announcement for PLC
Reference Number GA1-21062019-00037