Announcements


Date: 22 May 2014

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): ESOS SAPURAKENCANA PETROLEUM BERHAD (“SKPB” OR “COMPANY”) PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN ("LTIP") OF UP TO FIVE PERCENT (5%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SKPB FOR THE ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTORS OF SKPB AND ITS SUBSIDIARIES (“PROPOSED LTIP”)


Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
Description SAPURAKENCANA PETROLEUM BERHAD (“SKPB” OR “COMPANY”)

PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN ("LTIP") OF UP TO FIVE PERCENT (5%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SKPB FOR THE ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTORS OF SKPB AND ITS SUBSIDIARIES (“PROPOSED LTIP”)

 

On behalf of the Board of Directors of SKPB, Maybank Investment Bank Berhad wishes to announce that SKPB proposes to establish and implement a long-term incentive plan of up to five percent (5%) of the issued and paid-up share capital of the Company at any point in time during the duration of the Proposed LTIP, for the eligible employees and executive directors of SKPB and its subsidiaries.

 

Further details of the Proposed LTIP are set out in the attachment enclosed.

This announcement is dated 22 May 2014.

ATTACHMENT

- SKPB - Announcement (Proposed LTIP) 22.5.14.pdf

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