Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
| 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”) |
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We wish to announce that pursuant to the XL LTIS, XL had on 20 June 2014 granted 178,732 new ordinary shares of Indonesian Rupiah 100 each in XL to Hasnul Suhaimi, the President Director/Chief Executive Officer of XL, in accordance with the terms and conditions of the XL LTIS (“Grant to HS”).
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 HS, is of the opinion that the Grant to HS is fair and reasonable to Axiata and is in the best interest of Axiata and hence, has approved the Grant to HS. 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 HS. This announcement is dated 23 June 2014. |
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| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 23 Jun 2014 |
| Category | General Announcement |
| Reference No | AG-140619-55B65 |