NOVA MSC BERHAD
30 Aug 2018
Pursuant to paragraph 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, NOVAMSC wishes to announce that the following offer under NOVAMSC ESOS to eligible employees (including Executive Director) of NOVAMSC and its subsidiary companies in accordance to the By-Laws of the ESOS.
Details of the NOVAMSC Options are as follows:-
|(a)||Date Of Offer||30 August 2018|
|(b)||Exercise price of options offered||RM0.17|
|(c)||Number of NOVAMSC options offered||Tranche 1 : 4,450,000
Tranche 2 : Up to 20,850,000
|(d)||Market price of NOVAMSC shares on date of offer||Closing price of NOVAMSC share on date of offer is RM0.17|
|(e)||Number of NOVAMSC share option granted to Executive Director/CEO||Chan Wing Kong
– Tranche 1 : Nil
– Tranche 2 : 3,000,000
|(f)||Vesting period of NOVAMSC share options||Tranche 1: Option shall vest upon completion of eight months from the date of grant
Tranche 2: The number of options to be vested shall be subject to the achievement of certain performance criteria by the eligible employees over the performance period concluding at the end of the financial year ending 31 March 2019 and shall vest upon achievement of the performance criteria.
This announcement is dated 30 August 2018