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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS AUTOCOUNT DOTCOM BERHAD ("ADB" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARES SCHEME OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN ADB (EXCLUDING TREASURY SHARES, IF ANY) ("SCHEME") AT ANY POINT IN TIME DURING THE TENURE OF THE SCHEME, FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF ADB AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) ("PROPOSED ESS")

AUTOCOUNT DOTCOM BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description
AUTOCOUNT DOTCOM BERHAD ("ADB" OR THE "COMPANY")

PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARES SCHEME OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN ADB (EXCLUDING TREASURY SHARES, IF ANY) ("SCHEME") AT ANY POINT IN TIME DURING THE TENURE OF THE SCHEME, FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF ADB AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) ("PROPOSED ESS")

Reference is made to the Company’s earlier announcements dated 25 April 2024 and 29 April 2024 in relation to the Proposed ESS ("Earlier Announcements"). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.

 

On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 21 May 2024, resolved to approve the listing and quotation of such number of additional new ADB Shares, representing up to 10% of the total number of issued shares (excluding treasury shares, if any) of ADB, to be issued pursuant to the Proposed ESS, subject to the following:-

 

(i) Malacca Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESS pursuant to Rule 6.44(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting;

 

(ii) ADB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the ESS as at the end of each quarter together with a detailed computation of listing fees payable; and

 

(iii) The new ADB Shares to be issued pursuant to the Proposed ESS to any person whose Shares are subject to moratorium pursuant to Rule 3.19(1) of the Listing Requirements shall be subject to the same moratorium.

 

This announcement is dated 21 May 2024.






Announcement Info

Company Name AUTOCOUNT DOTCOM BERHAD
Stock Name ADB
Date Announced 21 May 2024
Category General Announcement for PLC
Reference Number GA1-21052024-00045



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