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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 26 Mar 2014
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 Group Berhad (“Axiata”) had today (“Date of Offer”) offered 31,774,800 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: RM6.60.
  • 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 1,833,000 Axiata Shares to Dato’ Sri Jamaludin Ibrahim (“Offered Shares”), the Managing Director/President & Group Chief Executive Officer.

The Offered Shares is the maximum number of Axiata Shares that may be vested to Dato’ Sri Jamaludin Ibrahim and are subject to the meeting of super stretched individual performance targets and the Axiata Group meeting superior company performance targets at the point of vesting in addition to the standard vesting conditions applicable to other Eligible Employees. This announcement is dated 26 March 2014.

 

Announcement Info

Company Name AXIATA GROUP BERHAD  
Stock Name AXIATA    
Date Announced 26 Mar 2014  
Category General Announcement
Reference No AG-140326-93578