Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES |
Description |
AXIATA GROUP PERFORMANCE BASED LONG TERM INCENTIVE PLAN AXIATA RESTRICTED SHARE PLAN (AXIATA RSP) |
We are pleased to announce that Axiata Group Berhad (“Axiata”) had today (“Date of Offer”) offered 1,986,400 ordinary shares in Axiata (“Axiata Shares”) under the Axiata RSP to the eligible employees (“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 Share on Date of Offer: RM5.09.
The rights offered under the Restricted Share Offer are expected to vest over a 3-year 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 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.
This announcement is dated 15 September 2017. |
Company Name | AXIATA GROUP BERHAD |
Stock Name | AXIATA |
Date Announced | 15 Sep 2017 |
Category | General Announcement for PLC |
Reference Number | GA1-15092017-00058 |