NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS OFFER OF OPTIONS UNDER THE EXECUTIVES' SHARE SCHEME FOR ELIGIBLE EMPLOYEES OF BINASTRA CORPORATION BERHAD (FORMERLY KNOWN AS COMINTEL CORPORATION BHD) AND ITS SUBSIDIARY

BINASTRA CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
OFFER OF OPTIONS UNDER THE EXECUTIVES' SHARE SCHEME FOR ELIGIBLE EMPLOYEES OF BINASTRA CORPORATION BERHAD (FORMERLY KNOWN AS COMINTEL CORPORATION BHD) AND ITS SUBSIDIARY

Reference is made to the Executives' Share Scheme ("ESS") of Binastra Corporation Berhad (formerly known as Comintel Corporation Bhd) ("Binastra" or "Company") comprising the executives' share option scheme ("ESOS") and the restricted share grant plan ("RSG"), which was approved by the shareholders of Binastra on 7 March 2024.


Pursuant to paragraph 9.19 (51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Binastra wishes to announce that the Company has on 12 August 2024 offered its 1st offer of ESOS options to the eligible employees of Binastra and its subsidiary ("Offer") under the ESS. The details of the Offer are as follows:-


1. Date of Offer of the ESOS options : 12 August 2024
2. Exercise price of each ESOS option offered : RM1.11
3. Total number of ESOS options offered : 5,505,000
4. Closing market price of Binastra's ordinary shares on the date of Offer : RM1.22
5. Total number of ESOS options offered to each of the Executive Directors of Binastra and their Alternate Directors, if any : Nil
6. Vesting period of the ESOS options offered : 1 year from the vesting date of 25 September 2024, of which commencing from 25 September 2024 to 24 September 2025.


Each ESOS option shall be exercisable into one (1) new ordinary share of Binastra, fully issued and paid-up.

This announcement is dated 12 August 2024.






Announcement Info

Company Name BINASTRA CORPORATION BERHAD
Stock Name BNASTRA
Date Announced 12 Aug 2024
Category General Announcement for PLC
Reference Number GA1-09082024-00023