Announcements

Date : 10 December 2014

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): ESOS CENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME FOR ELIGIBLE EMPLOYEES OF CENTURY AND ITS SUBSIDIARIES ("CENTURY GROUP") ("PROPOSED ESOS")

CENTURY LOGISTICS HOLDINGS BERHAD

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
DescriptionCENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR THE "COMPANY")

PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME FOR ELIGIBLE EMPLOYEES OF CENTURY AND ITS SUBSIDIARIES ("CENTURY GROUP") ("PROPOSED ESOS")
(Unless otherwise defined, all terms used in this announcement have the same meaning ascribed in the announcement dated 20 November 2014)
We refer to our announcements dated 20 November 2014 and 25 November 2014 in relation to the Proposed ESOS.

On behalf of the Board of Century, MIDF Amanah Investment Bank Berhad ("MIDF Investment") is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had vide its letter dated 2 December 2014 (which was received on 10 December 2014) approved the listing of such number of additional new ordinary shares, representing up to 15% of the issued and paid-up ordinary share capital of Century (excluding treasury shares, if any), to be issued pursuant to the Proposed ESOS.

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

  1. Century and its adviser must fully comply with the relevant provisions under the Main Market Listing Requirements ("Main LR") pertaining to the implementation of the Proposed ESOS;
  2. Century and its adviser to inform Bursa Securities upon the completion of the Proposed ESOS;
  3. Century to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed ESOS is completed;
  4. Century or its adviser to furnish to Bursa Securities a certified true copy of the relevant resolution passed by shareholders in general meeting approving the Proposed ESOS;
  5. MIDF Investment is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Paragraph 6.43(1) of the Main LR and stating the effective date of implementation; and
  6. Payment of additional listing fees, if relevant. In this respect, Century 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 details computation of the listing fees payable.

The announcement is dated 10 December 2014.


Announcement Info

Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY    
Date Announced10 Dec 2014  
CategoryGeneral Announcement
Reference NoCU-141210-49041

Back

top
2024 © CJ Century Logistics Holdings Berhad (424341-A) | All Rights Reserved |