Gamuda has today made the fifth offer ("Offer") of options ("Options") under the Scheme.
The details are set out in the table below: -
NO. |
DESCRIPTION OF OFFER |
FACTS |
1. |
Date of Offer |
8 August 2023 |
2. |
Exercise price of Options offered |
RM4.31 |
3. |
Closing market price of Gamuda ordinary shares on date of Offer |
RM4.38 |
4. |
Total number of Options offered |
Up to 19,435,000 Options |
5. |
Number of Options offered to the Executive Directors of Gamuda and their Alternate Directors |
NIL |
6. |
Vesting period of the Options offered |
Options are vested upon acceptance of the Offer; however shares will be subjected to moratorium over a period of 4 years |
This announcement is dated 8 August 2023.