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Back 13 Mar 2018
Type Announcement
Subject OTHERS
Description

PERFORMANCE-BASED LONG-TERM INCENTIVE SCHEME FOR ELIGIBLE EMPLOYEES AND DIRECTORS OF PT XL AXIATA TBK (XL), A SUBSIDIARY OF AXIATA GROUP BERHAD (AXIATA) (XL LTIS)

We wish to announce that pursuant to the XL LTIS, XL had on 13 March 2018 submitted the notification to Financial Service Authority of Indonesia on the grant of 20,361 new ordinary shares of Indonesian Rupiah 100 each in XL to Dian Siswarini (“DS”), the President Director/Chief Executive Officer of XL, in accordance with the terms and conditions of the XL LTIS (“Grant to DS”).

 

In accordance with subparagraph 6.06 (4) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board, having considered all aspects of the Grant to DS, is of the opinion that the Grant to DS is fair and reasonable to Axiata and is in the best interest of Axiata and hence, has approved the Grant to DS.

 

None of Axiata’s Directors and/or major shareholders and/or persons connected to them has any interest, direct or indirect, in the Grant to DS.

 

This announcement is dated 13 March 2018.





Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 13 Mar 2018
Category General Announcement for PLC
Reference Number GA1-13032018-00083

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