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):Other Issue Of Securities

Back 23 Aug 2013
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
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 1,441,800 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 : RM6.52
  • 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
Nil This announcement is dated 23 March 2013.

 

Announcement Info

Company Name AXIATA GROUP BERHAD  
Stock Name AXIATA    
Date Announced 23 Aug 2013  
Category General Announcement
Reference No AG-130823-1F4B9