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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES NATIONGATE HOLDINGS BERHAD ("NGH" OR THE "COMPANY") PROPOSED ESTABLISHMENT AND IMPLEMENTATION OF A LONG TERM INCENTIVE PLAN ("LTIP") OF UP TO 15% OF THE COMPANY'S TOTAL NUMBER OF ISSUED SHARES (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE DURATION OF THE LTIP FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF NGH GROUP, WHO FULFIL THE ELIGIBILITY CRITERIA AS SET OUT IN THE BY-LAWS OF THE LTIP

NATIONGATE HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
NATIONGATE HOLDINGS BERHAD ("NGH" OR THE "COMPANY") 

PROPOSED ESTABLISHMENT AND IMPLEMENTATION OF A LONG TERM INCENTIVE PLAN ("LTIP") OF UP TO 15% OF THE COMPANY'S TOTAL NUMBER OF ISSUED SHARES (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE DURATION OF THE LTIP FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF NGH GROUP, WHO FULFIL THE ELIGIBILITY CRITERIA AS SET OUT IN THE BY-LAWS OF THE LTIP

Unless otherwise defined in this announcement, all abbreviations used in this announcement are defined in the announcement dated 26 May 2023.

 

On behalf of the Board, M&A Securities wishes to announce that the necessary confirmations pursuant to Rule 6.44(1) of the Listing Requirements have been submitted to Bursa Securities today for the implementation of the LTIP. Accordingly, the effective date for the implementation of the LTIP is 1 December 2023.

 

This announcement is dated 4 December 2023.






Announcement Info

Company Name NATIONGATE HOLDINGS BERHAD
Stock Name NATGATE
Date Announced 04 Dec 2023
Category General Announcement for PLC
Reference Number GA1-04122023-00020



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