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OTHERS METRO HEALTHCARE BERHAD ("METRO" OR "THE COMPANY") - TERMINATION OF EXISTING EMPLOYEES' SHARE OPTION SCHEME OF THE COMPANY ("ESOS")

METRO HEALTHCARE BERHAD

Type Announcement
Subject OTHERS
Description
METRO HEALTHCARE BERHAD ("METRO" OR "THE COMPANY")
- TERMINATION OF EXISTING EMPLOYEES' SHARE OPTION SCHEME OF THE COMPANY ("ESOS")
The Board of Directors of Metro (“Board”) wishes to announce that the existing ESOS of the Company is terminated effective 26 May 2023 in accordance with the By-Laws governing the existing ESOS pursuant to the proposed transfer of listing of the Company from the LEAP Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) to the ACE Market of Bursa Securities and in view that the Board does not intend to grant further options under the existing ESOS and no exercise by the eligible persons for any of the ESOS options granted. The number of ESOS options granted to date is 48,000,000, of which 3,385,000 are outstanding ESOS options.


The Board wishes to announce that:

(i) no further offers under the ESOS have been or shall be made by the ESOS Committee;
(ii) all offers under the ESOS which have yet to be accepted and/or vested by the eligible persons shall lapse automatically; and
(iii) all unexercised or partially exercised options shall lapse automatically and become null and void.


This announcement is dated 26 May 2023.





Announcement Info

Company Name METRO HEALTHCARE BERHAD
Stock Name MHCARE
Date Announced 26 May 2023
Category General Announcement for PLC
Reference Number GA1-26052023-00103



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