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Second Offer Of Share Option Plan ("SOP") Options Under the Long Term Incentive Plan ("LTIP") Of The Company
| Type | Announcement |
| Subject | OTHERS |
| Description | SARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" OR "THE COMPANY") - SECOND OFFER OF SHARE OPTION PLAN ("SOP") OPTIONS UNDER THE LONG TERM INCENTIVE PLAN ("LTIP") OF THE COMPANY |
Reference is made to the LTIP which was implemented by the Company on 24 July 2024.
Pursuant to Paragraph 9.19 (51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it has on 28 August 2025, made a second offer of SOP Options to certain eligible Directors and employees of the Company and its subsidiaries to subscribe for new ordinary share(s) in the Company (“SCIB Share(s)”) under the LTIP. The details of the offer are as follows:-
|
1. |
Date of offer |
28 August 2025 |
|
2. |
Exercise price of options offered |
RM0.1268 per share (up to 10% discount from the 5-day weighted average market price (“VWAP”) of SCIB from 21 August 2025 to 27 August 2025 of RM0.1408 per Share) |
|
3. |
Number of options offered |
64,376,926 options |
|
4. |
Closing market price of SCIB Shares on the date of offer |
RM0.1408 (5-day VWAP from 21 August 2025 to 27 August 2025) |
|
5. |
Number of options offered to Directors |
Chiew Jong Wei (19,762,129 options) |
|
6. |
Vesting period of the options offered |
The SOP Options are immediate vested from the date of offer. |
This announcement is dated 28 August 2025.
Announcement Info
| Company Name | SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
| Stock Name | SCIB |
| Date Announced | 28 Aug 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28082025-00070 |
