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OTHERS DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "Company")
- OFFER AND GRANT OF OPTIONS UNDER THE EMPLOYEES SHARE OPTION SCHEME, WHICH FORMS PART OF THE LONG-TERM INCENTIVE PLAN
DAGANG NEXCHANGE BERHAD
Type
Announcement
Subject
OTHERS
Description
DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "Company")
- OFFER AND GRANT OF OPTIONS UNDER THE EMPLOYEES SHARE OPTION SCHEME, WHICH FORMS PART OF THE LONG-TERM INCENTIVE PLAN
The Board of Directors of the Company wishes to announce that the Company has undertake to swap all unexercised options granted under the Company's Employees Share Option Scheme ("ESOS"), which forms part of the Long-Term Incentive Plan ("LTIP") arising from the first offer, second offer, third offer and fourth offer ("Proposed ESOS Swap").
Under the Proposed ESOS Swap, employees of the Company and its subsidiaries will be entitled to receive new ESOS options on the basis of one (1) new option for every five (5) existing unexercised ESOS options held. The Proposed ESOS Swap is conditioned upon the acceptance by the eligible employees.
In view of the above and pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that 8,173,700 options were offered on 12 May 2026 pursuant to the ESOS, which forms part of the Long-Term Incentive Plan at an option price of RM0.2842 to an eligible employee and Directors of the Company and its subsidiaries which are not dormant. Details of the offer of the ESOS options are as follows:
No.
Description of offer under the ESOS
1.
Date of offer of the options
12 May 2026
2.
Exercise price of options offered
RM0.2842
3.
Number of options offered
8,173,700
4.
Market price of the Company's shares on the date of offer
RM0.345
5.
Number of options offered to the Directors
a) Tan Sri Dato' Sri Haji Syed Zainal Abidin bin Syed Mohamed Tahir