Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 28 Oct 2015
Category: General Announcement for PLC
Reference Number: GA1-28102015-00103
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)ESOS
Description: KOBAY TECHNOLOGY BERHAD (“KOBAY” OR THE “COMPANY”)
PROPOSED ESTABLISHMENT OF NEW EMPLOYEES SHARE OPTION SCHEME (“ESOS”) OF UP TO 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL (EXCLUDING TREASURY SHARES) OF KOBAY TO ELIGIBLE DIRECTORS AND EMPLOYEES OF KOBAY, AND ITS SUBSIDIARIES
This announcement should be read in conjunction with the earlier announcement made on 15 September 2015. Unless otherwise defined, the terms used in this announcement shall have the same meaning as those defined in the announcement dated 15 September 2015 (“Announcement”).
On behalf of the Board of Directors of Kobay, RHB Investment Bank is pleased to announce that Bursa Securities had, vide its letter dated 27 October 2015, approved the listing of such number of additional new Kobay Shares, representing up to 15% of the issued and paid-up ordinary share capital of Kobay, to be issued pursuant to the exercise of the options under the Proposed ESOS, subject to the following conditions:-
1. RHB Investment Bank is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed ESOS; and
2. Kobay is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of options, under the Proposed ESOS as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 28 October 2015.