Gamuda has today made the eighth 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 |
24 January 2025 |
| 2. |
Exercise price of Options offered |
RM4.22 |
| 3. |
Closing market price of Gamuda ordinary shares on date of Offer |
RM4.19 |
| 4. |
Total number of Options offered |
Up to 40,502,000 Options |
| 5. |
Number of Options offered to the Executive Directors of Gamuda and their Alternate Directors (if any) |
NIL |
| 6. |
Vesting period of the Options offered |
Options are vested upon acceptance of the Offer. However, shares will be subjected to sale moratorium over a period of two years |
This announcement is dated 24 January 2025.