NOVA MSC BERHAD
19 Aug 2004
|Subject||NOVA MSC BERHAD (“NMSC” OR THE “COMPANY”)
– PROPOSED ESTABLISHMENT OF A TEN (10) YEAR EMPLOYEE SHARE OPTION SCHEME OF UP TO THIRTY PERCENT (30%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF NMSC, SUBJECT TO A MAXIMUM ENTITLEMENT OF FIFTEEN PERCENT (15%) FOR THE FIRST FIVE (5) YEARS (“PROPOSED ESOS”)
Reference is made to the earlier announcements made on 5 July 2004 and 9 July 2004 with regards to the “Proposed ESOS”.
On behalf of the Board of Directors of NMSC, OSK Securities Berhad wishes to announce that NMSC has received the approval-in-principle from Bursa Malaysia Securities Berhad, vide its letter dated 18 August 2004, on the listing and quotation of such number of new shares that may be issued pursuant to the Proposed ESOS, whereby the maximum number of new shares which may be offered and allotted under the scheme shall not exceed in aggregate thirty percent (30%) of the total issued and paid up share capital of the Company subject to a maximum aggregate of fifteen percent (15%) of the total issued and paid up share capital of the Company during the first five (5) years of the scheme at any one time.
The Proposed ESOS remains subject to the approval being obtained from the shareholders of NMSC at an EGM to be convened.
This announcement is dated 19 August 2004.
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