Investors

Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.

New Issue of Securities (Chapter 6 Of Listing Requirements):ESOS

Back 20 Mar 2013
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description PERFORMANCE-BASED EMPLOYEE SHARE OPTION SCHEME AND SHARE SCHEME (“AXIATA SHARE SCHEME”)
We are pleased to announce that Axiata had today (“Date of Offer”) offered 28,910,600 ordinary shares of RM1.00 each in Axiata (“Axiata Shares”) under the Axiata Share Scheme to the eligible employees and Executive Directors (“Eligible Employees”) of the Axiata Group of Companies (“Axiata Group”) (“Restricted Share Offer”).

Details of the Restricted Share Offer are as follows:-
  • Exercise Price of Axiata Shares
Not applicable as the Axiata Shares will be issued upon vesting to the Eligible Employees without any consideration.
  • Market Price of Axiata Shares
Closing Price of Axiata Shares on Date of Offer : RM6.33
  • Vesting Period
The rights offered under the Restricted Share Offer are expected to vest over a 2-3 years period from the acceptance date of the Restricted Share Offer, subject to the Eligible Employees meeting their individual performance targets, the Axiata Group meeting certain financial targets and/or the market price of Axiata Shares exceeding certain thresholds. Unless the Eligible Employees meet their highest performance targets the total amount of rights offered under the Restricted Share Offer which will vest will be lower than the total amount of Axiata Shares offered.
  • Number of Axiata Shares offered to Directors
Axiata has made an offer of 1,123,600 Axiata Shares to Dato’ Sri Jamaludin Ibrahim (“Offered Shares”), the Managing Director/President & Group Chief Executive Officer.

The Offered Shares are above the grant of new Axiata Shares and/or options over Axiata Shares to be granted to Dato’ Sri Jamaludin Ibrahim under the Axiata Share Scheme approved by the shareholders of Axiata at the 19th Annual General Meeting held on 1 June 2011; hence, is subject to the approval of the shareholders of Axiata at a general meeting.

Premised on the above and with the view to accommodate further offer of Axiata Shares to Dato’ Sri Jamaludin Ibrahim under the Axiata Share Scheme for the final grant in 2014, Axiata will be seeking approval from its shareholders for the proposed grant of entitlement to, and allotment and issue, of up to 3,600,000 new Axiata Shares to Dato’ Sri Jamaludin Ibrahim (“Proposed Additional Grant”). The Proposed Additional Grant is the maximum number of Axiata Shares that may be vested to Dato’ Sri Jamaludin Ibrahim and are subject to the meeting of stretched individual performance and the Axiata Group meeting superior company performance at the point of vesting in addition to the standard vesting conditions applicable to other Eligible Employees. This announcement is dated 20 March 2013.

 

Announcement Info

Company Name AXIATA GROUP BERHAD  
Stock Name AXIATA    
Date Announced 20 Mar 2013  
Category General Announcement
Reference No AG-130320-783CB