SHARE ISSUANCE SCHEME (“SIS”)
The Company’s SIS is governed by the By-Laws approved by the shareholders at an Extraordinary
General Meeting held on 28th May 2014. The effective date for the implementation of the SIS was 3rd
June 2014, which is the date of full compliance of the SIS in accordance with the Paragraph 6.43(1)
of the Bursa Malaysia Securities Berhad Listing Requirements. Each option entitles the exerciser
a right to subscribe for one (1) new ordinary share of RM0.10 each in the Company at an exercise
price of RM0.10 per option.
The salient features and conditions of the Scheme are as follows:
a) the total number of new shares to be offered and issued under the Scheme shall not exceed
fifteen percent (15%) of the total issued and paid up share capital of the Company at any point
of time during the duration of the Scheme;
b) eligible persons are confirmed employees including executive and non-executive directors of
the Group and have been employed or appointed by the Company in the Group, which is not
dormant;
c) not more than ten percent (10%) of the proposed allocation under the Scheme to be allocated to
any eligible person, who, either singly or collectively through persons connected with the eligible
person, holds twenty percent (20%) or more of the total issued and paid-up share capital;
d) the option price may be at a discount of not more than ten percent (10%) from the five (5) days
weighted average market price of the underlying shares preceding the date of offer or at par
value of the ordinary shares of the Company, whichever is higher; and
e) the Scheme shall be in force for a period of five (5) years and extendable for another five (5)
years from the effective date.
During the financial year, the Company granted 156,000,000 shares under the SIS to all eligible
persons of the Group.
The share options granted and exercised during the financial year are as follows:
Exercise
Number of options over ordinary shares of RM0.10 each
price
Date of
As at
As at
RM
offer
1.1.2014
Granted Exercised 31.12.2014
0.10 5.6.2014
–
156,000,000
156,000,000
–
Asia Media Group Berhad Annual Report 2014
61
DIRECTORS’ REPORT
(Cont’d)
