Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of AGMO wishes to announce that the Company has made an offer of options under the ESOS to the eligible employees and Directors of the Company and its non-dormant subsidiaries to subscribe for new ordinary shares in AGMO (“Options”).
The details of the Options offered are set out as follows:-
|
No.
|
Description of Options under the ESOS
|
|
1.
|
Date of offer
|
29 November 2024
|
|
2.
|
Exercise price of Options offered
|
RM0.462
|
|
3.
|
Total number of Options offered
|
4,740,000
|
|
4.
|
Closing market price of the Company’s shares on the date of offer
|
RM0.495
|
|
5.
|
Number of Options offered to the Company’s Directors
|
|
Name
|
Designation
|
ESOS Options
|
|
Dato' Low Hann Yong
|
Non-Independent Non-Executive Chairman
|
50,000
|
|
Tan Aik Keong
|
Non-Independent Executive Director and Chief Executive Officer
|
250,000
|
|
Low Kang Wen
|
Non-Independent Executive Director and Chief Operating Officer
|
250,000
|
|
Dr. Lau Cher Han
|
Independent Non-Executive Director
|
50,000
|
|
Mohd Fairuz bin Mohd Azrul
|
Independent Non-Executive Director
|
50,000
|
|
Datin Yap Shin Siang
|
Independent Non-Executive Director
|
50,000
|
|
|
6.
|
Vesting period
|
20% of the total number of Options offered will vest annually over a five (5)-year period, starting from 31 October 2025, subject to the exercise conditions as determined by the ESOS Committee.
|
This announcement dated 29 November 2024.