New issue of securities (Chapter 6 of Listing Requirements) : Other Issue Of Securities

BackApr 20, 2016
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description

YNH PROPERTY BERHAD ("YNH" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE SCHEME ("PROPOSED ESS")

On behalf of the Board of Directors of YNH, AmInvestment Bank Berhad wishes to announce that the Company proposes to undertake a proposed establishment of a new employees’ share scheme involving up to 15% of the issued and paid-up capital of YNH (excluding treasury shares) to eligible directors and employees of YNH and its subsidiaries which are not dormant (“Eligible Persons”) at any one time, which comprises the following:-

(i) a proposed share option plan (“Proposed Share Option Plan”) involving the granting of rights to Eligible Persons to subscribe for new ordinary shares of RM1.00 each in YNH (“YNH Shares” or "Shares”) at a pre-determined price; and

(ii) a share grant plan (“Proposed Share Grant Plan”) which entitles the Eligible Persons to receive new and/or existing YNH Shares at no consideration and/or the equivalent cash value of such shares or combination thereof, based on certain vesting conditions or performance targets to be met.

Please refer to the attachment for details of the Proposed ESS.

This announcement is dated 20 April 2016.

 


Announcement Info

Company Name YNH PROPERTY BERHAD
Stock Name YNHPROP
Date Announced 20 Apr 2016
Category General Announcement for PLC
Reference Number GA1-18042016-00109

Attachments

  1. YNH_Proposed_ESS_(20_April_2016).pdf (Size: 232,389 bytes)