Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), Astro Malaysia wishes to announce that it had today offered Share Awards in respect of a total number of21,927,000 new ordinary shares of RM0.10 each of Astro Malaysia (“Shares”) under the Management Share Scheme to the eligible executives and eligible employees of the Astro Malaysia Group.
An eligible executive or eligible employee (as the case may be) who accepts an offer under the Share Awards (“Grantee”) shall pay a sum of RM1.00 as consideration for acceptance of that offer. Subject to the terms and conditions of the by-laws governing the Management Share Scheme, the Grantees shall be entitled to receive new Shares to be issued pursuant to the Share Award, on the scheduled vesting dates without further payment, subject to meeting the vesting conditions as set out in their respective letters of offer for their Share Awards, which comprise the performance targets stipulated by the Remuneration Committee of Astro Malaysia.
The details of the vesting schedule for the Share Awards granted by Astro Malaysia today are set out below:
Tranche
| No. of Shares to be vested
| Scheduled vesting date
|
1
| 1,000,000
| One month from the date of the listing of and quotation for the entire enlarged issued and paid-up share capital of Astro Malaysia on the Main Market of Bursa Securities (“Listing”)
|
2
| 4,185,400
| Second anniversary of the date of Listing
|
3
| 4,185,400
| Third anniversary of the date of Listing
|
4
| 6,278,100
| Fourth anniversary of the date of Listing
|
5
| 6,278,100
| Fifth anniversary of the date of Listing
|
Total
| 21,927,000(1)
|
|
Note:
(1) The total number of Shares is equivalent to the grant value of RM65,781,000 divided by the final retail price of RM3.00 per Share to be fully paid by applicants under Astro Malaysia’s initial public offering of up to 1,518,300,000 Shares.
The above total number of Shares offered under the Share Awards includes 3,200,000 Shares granted to Dato’ Rohana Binti Tan Sri Datuk Haji Rozhan, the Executive Director/Chief Executive Officer of Astro Malaysia, which shall vest in the manner set out below:
(a) 1,000,000 Shares shall vest on the date falling one month from the date of the Listing, where such Shares shall be subject to a lock-up arrangement pursuant to which she shall not dispose/transfer such Shares for a period of one year from the date of the Listing; and
(b) 2,200,000 Shares shall vest over five years commencing on the second anniversary of the date of the Listing, whereby 440,000 Shares shall vest on the second anniversary of the date of Listing, 440,000 Shares will vest on the third anniversary of the date of the Listing, 660,000 Shares shall vest on the fourth anniversary of the date of the Listing and 660,000 Shares shall vest on the fifth anniversary of the date of the Listing.
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发表于 6-10-2012 01:50 PM
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