Share Options Under the Employees Share Option Scheme (“ESOS”)

Pursuant to the Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it has offered options to its eligible employees and Directors under the Company’s ESOS on 27 August 2020. The details of options are as follows:-

 

No.

Description

   

1)

Date of offer of the Options

:

27 August 2020

2)

Exercise price of Options offered

:

RM0.47

3)

Number of Options offered

:

Tranche 1: 3,438,050

Tranche 2: 165,000

4)

Market Price of Tambun shares on the date of offer

:

RM0.53

5)

Number of Options offered to the Directors of Tambun 

:

Tranche 1: 1,300,000

Tranche 2: Nil

 

 

 

 

 

Name

 

Number of Options offered

i

Teh Deng Wei

 

500,000

ii

Lai Fook Hoy

 

200,000

iii

Tsai Chia Ling

 

300,000

iv

Dato’ Seri Mokhtar Bin Mohd Jait

 

300,000

 

 

 

 

6)

Vesting period of Options offered

:

 
 

Estimated Number of Options to be Vested

 

Estimated Schedule Vesting Date

 

Tranche 1: 3,438,050

 

The options shall be exercisable from the date of acceptance.

 

Tranche 2: 165,000

 

The number of options shall vest upon achievement of the performance criteria by the eligible employees.

 

 This is announcement is dated 27 August 2020.

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