|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
AXIATA GROUP BERHAD (AXIATA) PROPOSED ESTABLISHMENT OF A LONG TERM INCENTIVE PLAN FOR THE ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTORS OF AXIATA AND ITS SUBSIDIARIES (PROPOSED LTIP)
On behalf of the Board of Directors of Axiata, CIMB Investment Bank Berhad wishes to announce that Axiata proposes to establish a long term incentive plan involving the issue of ordinary shares of RM1.00 each in Axiata (“Axiata Shares”) to the employees and executive directors of Axiata and its subsidiaries (other than subsidiaries which are dormant). The total number of Axiata Shares which may be made available under the Proposed LTIP involving the new issuance of Axiata Shares shall not at any point in aggregate exceed 7% of the issued and paid-up share capital of Axiata (excluding treasury shares, if any) over the duration of the Proposed LTIP.
Please refer to the attachment for the full announcement.
This announcement is dated 18 March 2016.
|Company Name||AXIATA GROUP BERHAD|
|Date Announced||18 Mar 2016|
|Category||General Announcement for PLC|