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OTHERS GuocoLand (Malaysia) Berhad ("GLM" or the "Company") Offer of Options Pursuant to GLM's Value Creation Incentive Plan

GUOCOLAND (MALAYSIA) BERHAD

Type Announcement
Subject OTHERS
Description
GuocoLand (Malaysia) Berhad ("GLM" or the "Company")
Offer of Options Pursuant to GLM's Value Creation Incentive Plan

GLM writes to inform the grant of options to eligible executives of the Company pursuant to the Company’s Value Creation Incentive Plan, details of which are as follows:

(a) Date of offer : 11 December 2017
(b) Exercise price of options offered : RM1.16 per GLM share
(c) Number of options offered : Options to purchase up to 20,000,000 GLM shares
(d) Closing market price of GLM shares on the date of offer : RM1.15
(e) Number of options offered to Directors of GLM :

Name: Datuk Edmund Kong Woon Jun

Designation: Group Managing Director

Option to purchase up to 15,000,000 GLM shares

(f) The vesting period of the options offered : The options granted are subject to the achievement of certain performance criteria by the option holders over two performance periods concluding at the end of the financial years ending 30 June 2019 and 30 June 2021 respectively. The achievement of the performance targets and the number of shares (if any) to be vested shall be determined following the end of the respective performance periods. The exercise period of the vested options will be up to the 30th month from the respective vesting dates to be determined.

This announcement is dated 11 December 2017.






Announcement Info

Company Name GUOCOLAND (MALAYSIA) BERHAD
Stock Name GUOCO
Date Announced 11 Dec 2017
Category General Announcement for PLC
Reference Number GA1-11122017-00068


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