New Issue Of Securities (Chapter 6 Of Listing Requirements):ESOS

Oct 27, 2014
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description GAMUDA BERHAD (“GAMUDA” OR THE “COMPANY”)

PROPOSED ESTABLISHMENT OF A NEW EMPLOYEES’ SHARE ISSUANCE SCHEME OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF GAMUDA (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME DURING THE DURATION OF THE EMPLOYEES’ SHARE ISSUANCE SCHEME FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF GAMUDA AND ITS SUBSIDIARIES (“PROPOSED SCHEME”)

Unless otherwise defined, the terms used in this announcement shall have the same meaning as those defined in the announcement dated 29 September 2014. 

We refer to the announcements dated 29 September 2014 and 17 October 2014.

On behalf of the Board of Directors of Gamuda, Hong Leong Investment Bank Berhad (“HLIB”) is pleased to announce that Bursa Securities has, vide its letter dated 27 October 2014 resolved to approve the listing of such number of new Gamuda Shares, representing up to 10% of the issued and paid-up share capital of Gamuda (excluding treasury shares, if any) at any point in time pursuant to the Proposed Scheme.

The approval granted by Bursa Securities is subject to the following conditions:

(1)       HLIB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed Scheme pursuant to Paragraph 6.43(1) of the Main Market Listing Requirements ("Main LR") and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in an extraordinary general meeting; and

(2)       Payment of additional listing fees, if relevant. In this respect, Gamuda is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed as at the end of each quarter together with a detail computation of the listing fees payable.

This announcement is dated 27 October 2014.

 


Announcement Info

Company Name GAMUDA BERHAD  
Stock Name GAMUDA    
Date Announced 27 Oct 2014  
Category General Announcement
Reference No ML-141027-62218