General Announcement
Reference No MI-110603-56299
| Submitting Merchant Bank | : | MAYBANK INVESTMENT BANK BERHAD |
| Company Name | : | FAVELLE FAVCO BERHAD |
| Stock Name | : | FAVCO |
| Date Announced | : | 3 Jun 2011 |
| Type | : | Announcement |
| Subject | : | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS |
| Description | : |
FAVELLE FAVCO BERHAD (“FFB” OR “COMPANY”) PROPOSED ESTABLISHMENT OF
A NEW EMPLOYEES’ SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES
INCLUDING THE EXECUTIVE DIRECTORS OF FFB AND ITS SUBSIDIARIES
(“PROPOSED ESOS”)
|
Announcement Details/Table Section :
We refer to the announcements dated 23 May 2011 and 31 May 2011 in relation to the Proposed ESOS.
On behalf of the Board of Directors of FFB, Maybank Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad had, vide its letter dated 2 June 2011 approved the listing of such number of additional new ordinary shares of RM0.50 each to be issued under the Proposed ESOS, representing up to ten percent (10%) of the issued and paid-up ordinary share capital of FFB.