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OTHERS ZEN TECH INTERNATIONAL BERHAD ("ZEN TECH" OR "COMPANY") - EMPLOYEES SHARE OPTION SCHEME ("ESOS")

Amended Announcements
Please refer to the earlier announcement reference number: GA1-14032024-00061

ZEN TECH INTERNATIONAL BERHAD

Type Announcement
Subject OTHERS
Description
ZEN TECH INTERNATIONAL BERHAD ("ZEN TECH" OR "COMPANY")
- EMPLOYEES SHARE OPTION SCHEME ("ESOS")

We refer to the Company’s announcement dated 4 April 2023 in respect of the Offer of Options under Share Issuance Scheme. Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

 

The Board of Directors of Zen Tech wishes to announce that Mr. Chow Hung Keey, the Executive Director of the Company would like to surrender his 75,990,284 unexercised ESOS options allocated to him and transfer to eligible persons on 14 March 2024.

 

Subsequently, pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Zen Tech wishes to announce that the Company had made an offer of ESOS Options on 14 March 2024 to eligible persons to subscribe for new shares in the Company under the Company’s ESOS, with the details of the offer ESOS as follows: -

 

(a)

Date of Offer

:

14 March 2024

(b)

Number of ESOS Options offered

:

745,409,734 options

(c)

Exercise price of ESOS Options offered

:

RM0.0180

(d)

Closing price of Zen Tech’s shares on the date of the Offer

:

RM0.0200

(e)

Number of ESOS Options offered to the Company’s Directors under the ESOS

:

  1. Dato’ Zhang Li – 275,871,200 options
  2. Zhang Yang – 113,905,426 options
  3. Tan Sri Syed Mohd Yusof Bin Tun Syed Nasir – 37,995,142 options
  4. Siva Kumar A/L Kalugasalam – 75,990,284 options

(f)

Vesting period of the options offered

:

Not applicable

 

*Remark: The amendment refers to the date of the offer of ESOS Options which should be read as "14 March 2024".

 

This announcement is dated 15 March 2024.

 






Announcement Info

Company Name ZEN TECH INTERNATIONAL BERHAD
Stock Name ZENTECH
Date Announced 15 Mar 2024
Category General Announcement for PLC
Reference Number GA1-15032024-00013



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