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 EMPLOYEE SHARE OPTION SCHEME AND SHARE SCHEME (AXIATA SHARE SCHEME) |
We are pleased to announce that Axiata had today (“Date of Offer”) offered 1,268,800 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:-
Not applicable as the Axiata Shares will be issued upon vesting to the Eligible Employees without any consideration.
Closing Price of Axiata Shares on Date of Offer: RM6.06.
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.
Nil This announcement is dated 14 September 2015. |
Company Name | AXIATA GROUP BERHAD |
Stock Name | AXIATA |
Date Announced | 14 Sep 2015 |
Category | General Announcement for PLC |
Reference Number | GA1-14092015-00087 |