New issue of securities (Chapter 6 of listing requirements) : ESOS NOVA MSC Berhad (“NOVAMSC” or the “company”) proposed establishment of new employees’ share option scheme (“ESOS”) for eligible directors and employees of NOVAMSC and its subsidiary companies (“NOVAMSC Group”)

24 Jul 2015

The terms used herein has the same meaning as those defined in the announcement made on 10 July 2015.

We refer to our announcements made on 10 July 2015 and 15 July 2015 in relation to the Proposed New ESOS.

On behalf of the Board of Directors of NOVAMSC, RHB Investment Bank is pleased to announce that Bursa Securities had, vide its letter dated 23 July 2015 (which was received on 24 July 2015), resolved to approve the listing of such number of NOVAMSC Shares, representing up to 30% of the issued and paid-up ordinary share capital of NOVAMSC (excluding treasury shares), to be issued pursuant to the exercise of options pursuant to the Proposed New ESOS.

The approval of Bursa Securities for the Proposed New ESOS are subject to the following conditions:

  1. RHB Investment Bank is required to submit a confirmation to Bursa Securities of full compliance of the Proposed New ESOS pursuant to Rule 6.44(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed New ESOS; and
  2. NOVAMSC is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of options, arising from the Proposed New ESOS as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 24 July 2015.

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