Comfort Gloves Bhd is terminating its existing Employees’ Share Scheme (ESS) on the grounds that it is not suitable to attract, motivate and reward employees and directors.
The group said the exercise price of the ESS option is 93.5 sen per share. But based on the closing market price of Comfort Gloves shares on Jan 28 of 88 sen, the ESS options are currently out-of-the-money.
The total number of ESS that have been granted but yet to be exercised since the implementation of the existing ESS stood at 30.81 million shares. However, the group said that it was looking at alternative means of rewarding its employees and directors.
im not talk bad but it was the fact on the 4m cost they took from profit in prev qtr.. they will do to reward the mgmt and its worker as part of benefits
and by the way, i dont think i have power to press the price lower.. market will decide for its price and i am accumulating below 82c
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thenextwave
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Posted by thenextwave > 2018-12-21 17:02 | Report Abuse
Oil price drop; nitrile raw material also drop. Good margin later.