NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS N2N CONNECT BERHAD ("N2N" OR "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) FOR ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF N2N AND ITS SUBSIDIARY COMPANIES (EXCLUDING SUBSIDIARY COMPANIES WHICH ARE DORMANT) ("PROPOSED ESOS")

  Type   Announcement
  Subject   NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
  Description   N2N CONNECT BERHAD ("N2N" OR "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) FOR ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF N2N AND ITS SUBSIDIARY COMPANIES (EXCLUDING SUBSIDIARY COMPANIES WHICH ARE DORMANT) ("PROPOSED ESOS")

 

On behalf of the Board of Directors of N2N ("Board"), Affin Hwang Investment Bank Berhad ("Affin Hwang IB") wishes to announce that the Company proposes to undertake the establishment of an employees’ share option scheme of up to 15% of the total number of issued shares of the Company (excluding treasury shares, if any) for eligible executive Directors and employees of N2N and its subsidiary companies ("N2N Group" or "Group") (excluding subsidiary companies which are dormant) ("Proposed ESOS" or "Scheme").

Please refer to the attachment for further details.
This announcement is dated 27 July 2018.

N2N Connect Berhad - Announcement (27.7.2018).pdf -43.5 kB