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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR THE "COMPANY") PROPOSED LONG TERM INCENTIVE PLAN ("LTIP") FOR THE ELIGIBLE EMPLOYEES, EXECUTIVE DIRECTORS AND NON-EXECUTIVE DIRECTORS OF THE COMPANY AND ITS NON-DORMANT SUBSIDIARIES ("PROPOSED LTIP")

MCLEAN TECHNOLOGIES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR THE "COMPANY")

PROPOSED LONG TERM INCENTIVE PLAN ("LTIP") FOR THE ELIGIBLE EMPLOYEES, EXECUTIVE DIRECTORS AND NON-EXECUTIVE DIRECTORS OF THE COMPANY AND ITS NON-DORMANT SUBSIDIARIES ("PROPOSED LTIP")

We refer to the announcements dated 26 May 2017 and 29 May 2017 in relation to the Proposed LTIP (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of MClean, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 1 June 2017, approved the listing of such number of additional new ordinary shares in MClean, representing up to 30% of the issued shares (excluding any treasury shares) of MClean, to be issued pursuant to the exercise of options and/or vesting of the new shares under the Proposed LTIP.

The approval by Bursa Securities for the above is subject to the following conditions:

(i) MClean is required to submit a confirmation to Bursa Securities of full compliance of the LTIP pursuant to Rule 6.44(1) of the ACE Market Listing Requirements (“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; and

(ii) MClean is required to furnish Bursa Securities on a quarterly basis a summary of the total number of LTIP shares listed as at the end of each quarter together with a detailed computation of listing fees payable.

MClean is required to ensure full compliance of all the requirements pertaining to the LTIP as provided under the Listing Requirements at all times.

This announcement is dated 1 June 2017.






Announcement Info

Company Name MCLEAN TECHNOLOGIES BERHAD
Stock Name MCLEAN
Date Announced 01 Jun 2017
Category General Announcement for PLC
Reference Number GA1-01062017-00097


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