Offer Of Performance Share Grant Under Long Term Incentive Plan For The Eligible Employees Of Maxis And Its Subsidiaries ("LTIP")

Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Maxis had today, made the offer of performance share grant ("PS Grant") involving 11,146,700 ordinary shares in Maxis ("Maxis Shares") to the eligible employees of Maxis and its subsidiaries.

Details of the PS Grant are as follows :-

1. Date of offer: 26 September 2023

2. Number of Maxis Shares granted: 11,146,700 Maxis Shares

3. Closing price of Maxis Shares on date of offer: RM4.08

4. Number of Maxis Shares granted to each Director: Nil

5. Vesting period of Maxis Shares granted: 34 months (3 years)

Note :-

Subject to the terms and conditions of the by-laws governing the Long Term Incentive Plan establised on 3 July 2023 ("LTIP 2023"), eligible employees shall be entitled to receive new Maxis Shares to be issued pursuant to the LTIP 2023, upon meeting the vesting conditions as set out in the LTIP 2023 letter of offer. The vesting conditions comprise, amongst others, the performance targets for the period commencing 1 January 2023 and ending 31 December 2025, as stipulated by Maxis' Nomination and Remuneration Committee. The Maxis Shares under the offer shall vest on 30 June 2026, subject to meeting such performance targets and the terms of the LTIP 2023 letter of offer and by-laws.

This announcement is dated 26 September 2023.

Announcement Info