Proposed Establishment Of An Employees Share Option Scheme ("Proposed ESOS")

Nov 22, 2003 Back
Type Announcement
Subject MALAYAN BANKING BERHAD (“Maybank” or “the Company”)
- Proposed Establishment Of An Employees Share Option Scheme (“Proposed ESOS”)

Contents :

We refer to our announcement dated 1 August 2003 in respect of the Proposed ESOS. On behalf of the Board of Directors of Maybank, Aseambankers Malaysia Berhad ("Aseambankers") is pleased to announce that the Securities Commission ("SC") had, vide its letter dated 17 November 2003 (which was received on 22 November 2003) approved the following:


(a) The establishment of the Proposed ESOS which involves the issuance of new ordinary shares of RM1.00 each up to a maximum of 10% of the issued and paid-up share capital of Maybank; and

(b) Listing of and quotation for the new ordinary shares of RM1.00 each of Maybank on the Main Board of the Kuala Lumpur Stock Exchange ("KLSE") to be issued pursuant to the implementation of the Proposed ESOS.

The SC’s approval for items (a) and (b) above is subject to the condition that Aseambankers furnish to the SC the following:

(i) A copy of the final Proposed ESOS By-Laws for its records;

(ii) Confirmation letter from Aseambankers stating that:

(a) all the SC’s conditions has been complied with and that the Proposed ESOS By-Laws do not contravene the SC's ESOS Guidelines; and

(b) the Proposed ESOS has been approved by all other relevant authorities and has complied with the conditions imposed by the said authorities; and


(iii) Maybank is required to fully comply with all other requirements in relation to the implementation of the Proposed ESOS as stipulated under the SC’s Policies and Guidelines on Issue/Offer of Securities.

In addition, the date of the letter of confirmation as mentioned in (ii) above will mark the commencement of the Proposed ESOS.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 22 Nov 2003  
Category General Announcement
Reference No CU-031121-44489