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Offer Of Performance Share Award Under Long Term Incentive Plan For The Eligible Employees Of Maxis And Its Subsidiaries ("LTIP")
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Jul 01, 2024
| Type | Announcement |
| Subject | OTHERS |
| Description | MAXIS BERHAD ("MAXIS" OR "COMPANY") OFFER OF PERFORMANCE SHARE AWARD UNDER LONG TERM INCENTIVE PLAN FOR THE ELIGIBLE EMPLOYEES OF MAXIS AND ITS SUBSIDIARIES ("LTIP") |
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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 a performance share award under the LTIP (“Offer”) involving 13,116,600 ordinary shares in Maxis (“Maxis Shares”) to the eligible employees of Maxis and its subsidiaries.
Details of the Offer are as follows:- 1. Date of the Offer: 1 July 2024 2. Number of Maxis Shares offered pursuant to the Offer: 13,116,600 Maxis Shares 3. Closing price of Maxis Shares on date of the Offer: RM3.58 4. Number of Maxis Shares offered to each Director under the Offer: Nil 5. Vesting period of Maxis Shares under the Offer: 36 months (3 years) Note:- Subject to the terms and conditions of the by-laws governing the LTIP established on 3 July 2023 and the terms of the letter constituting the Offer, selected employees who have accepted the Offer shall be entitled to receive new Maxis Shares to be issued pursuant to the Offer upon meeting the applicable vesting conditions. The vesting conditions comprise, amongst others, the performance targets for the period between 1 January 2024 and 31 December 2026. The Maxis Shares under the Offer shall vest on 30 June 2027, subject to the meeting of such performance targets and any other applicable vesting conditions. This announcement is dated 1 July 2024. |
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Announcement Info
| Company Name | MAXIS BERHAD |
| Stock Name | MAXIS |
| Date Announced | 01 Jul 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01072024-00081 |