News


Share Options Under The Employees Share Option Scheme ("ESOS")

BackAug 19, 2021
Type Announcement
Subject OTHERS
Description

AIRASIA GROUP BERHAD ("AAGB" or "THE COMPANY")

- SHARE OPTIONS UNDER THE EMPLOYEES SHARE OPTION SCHEME ("ESOS")

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 offered ESOS Options to its eligible employees under the Company's ESOS on 3 August 2021. The details of the ESOS Options are as follows:-

No.

Description

Details

1)

Date of offer of the ESOS Options

3 August 2021

2)

Exercise price of ESOS Options offered

RM0.7425

3)

Number of ESOS Options offered

159,400,000

4)

Market Price of AAGB’s shares on the date of offer

RM0.825

5)

Number of ESOS Options offered to the Directors of AAGB

Nil

6)

Vesting period of ESOS Options offered

Financial Year Ending 2024 onwards

 

7)

Performance Conditions for Vesting of ESOS Options offered

Amongst the several conditions attached to the ESOS Options, the key condition for the vesting of the ESOS Options is based on the share price of AAGB on the ESOS Options vesting date.

 

The number of ESOS Options which will be vested to participants on the ESOS Options vesting date will be determined based on the manner set out below:

 

Share Price (RM) as of ESOS Options Vesting Date*

Percentage of ESOS Options to be Vested (%)

< 1.50

0% of total ESOS Options offered

1.50 to < 1.60

50% of total ESOS Options offered

1.60 to < 1.70

60% of total ESOS Options offered

1.70 to <1.80

70% of total ESOS Options offered

1.80 to < 1.90

80% of total ESOS Options offered

1.90 < 2.00

90% of total ESOS Options offered

2.00 and above

100% of total ESOS Options offered

 

Note:

 

*          The share price refers to the closing price of the ordinary shares of the Company listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on the ESOS Options vesting date, or the last market day if the ESOS Options vesting date falls on a non-market day. The share price performance condition is subject to the relevant adjustment events under the By-Laws.

 

 

This announcement is dated 19 August 2021.

 


Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 19 Aug 2021
Category General Announcement for PLC
Reference Number GA1-14072021-00032