Posted by Johnchew5 > 2023-07-06 14:47 |

Post removed.Why?

Posted by soon9913 > 2023-07-06 21:41 | Report Abuse

share awards to directors 47mil unitss

Posted by Johnchew5 > 2023-07-07 09:08 | Report Abuse

JAKS offers shares under long-term incentive plan to directors, employees
By Priyatharisiny Vasu / theedgemarkets.com


14 Sep 2022, 10:25 pm


KUALA LUMPUR (Sept 14): JAKS Resources Bhd has offered share options under its long-term incentive plan (LTIP) to eligible directors and employees of the group and its subsidiaries.

In a filing with Bursa Malaysia, JAKS said the 57 million LTIP shares are offered at an exercise price of 23.7 sen per share.

Of these, 30 million shares are offered to directors, comprising 17 million to chief executive officer and managing director Ang Lam Poah, eight million to executive director Datuk Razali Merican Naina Merican, and five million to executive director Ang Lam Aik.


Another 13 million shares are offered to the group's senior management, and two million to other selected employees and executives.
JAKS' share price closed flat at 26 sen on Wednesday (Sept 14), valuing the group at RM521.17 million.


Over the last one year, the counter has declined by 46%.

Posted by Johnchew5 > 2023-07-07 09:12 | Report Abuse

JAKS RESOURCES BERHAD Registration No. 200201017985 (585648-T)
Award of LTIP Shares under the Restricted Share Plan (“RSP”) of JAKS Resources Berhad’s (“Company”) Long Term Incentive Plan (“LTIP”)
Table 1
No. Description of Award of LTIP Shares under the RSP
1. Date of Award of LTIP Shares : 6 July 2023
2. Number of LTIP Shares to the Selected Employees : 70,500,000 shares
Executive Director/Chief Executive Officer Senior Management
Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000
3. Closing market Price of the Company’s shares on the Date of Award
4. Grant Date
5. Vesting Date of up to the number of LTIP Shares granted*
This announcement is dated 6 July 2023.

Posted by curiousq > 2023-07-07 09:36 | Report Abuse

OMG!! still cannot, like a piese of ji pek

Posted by m16454 > 2023-07-07 16:03 | Report Abuse

employee and shareholder sell at higher price and got lower cost tickets, thats why it keeps sliding down below 0.20.

Posted by Sslee > 2023-07-07 16:47 | Report Abuse

(i) Share Option Plan

means grantee are allowed to subscribe for new shares at the pre-determined price (based on 5 days VWAP with a discount of not more than 10%) during the tenure of LTIP.



(ii) Share Grant Plan (SGP)


The SGP is intended to allow the company to award such number of new shares without any cash consideration payable to the ED and Senior Management of the Group.

Posted by Sslee > 2023-07-07 16:49 | Report Abuse

Additional Listing Announcement /Subdivision of Shares
JAKS RESOURCES BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued under this corporate proposal 70,500,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1800
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 2,289,834,607
Issued Share Capital ($$) Malaysian Ringgit (MYR) 1,110,701,554.000
Listing Date 10 Jul 2023

Posted by Sslee > 2023-07-07 16:52 | Report Abuse

soon9913 share awards to directors 47mil unitss
06/07/2023 9:41 PM

The SGP is intended to allow the company to award such number of new shares without any cash consideration payable to the ED and Senior Management of the Group.

Posted by Sslee > 2023-07-07 17:10 | Report Abuse

Table 1
No. Description of Award of LTIP Shares under the RSP
1. Date of Award of LTIP Shares : 6 July 2023
2. Number of LTIP Shares to the Selected Employees : 70,500,000 shares
Executive Director/Chief Executive Officer Senior Management
Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000

The SGP (Grant of LTIP) is awarded to the above without any cash consideration.

As of the achievement yardstick used to award the SGP (Grant of LTIP) to Executive Director/Chief Executive Officer Senior Management Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000
you need to ask LTIP award committees: Company already pay big cat salary and allowance and what Executive Director/Chief Executive Officer Senior Management Other Selected Employees/Executives had done/achieved that deserved all the shareholders to foot the bill for free Share Grant LTIP?

Posted by Lee Ying Yee > 2023-07-07 17:32 | Report Abuse

how to invite ? more n more esos pp etc ??/

Posted by Sslee > 2023-07-07 19:06 | Report Abuse

Jaks is not investible.
All investors money will go to LTIP free grant to fatten the pocket of BOD/Top management and trade/other receivables impairment to syphon money out of Jaks to relate, friendly party or private companies.

Posted by Felix888 > 2023-07-07 21:39 | Report Abuse

I3licker, Why not you `potong` first before the 6 states election. Or no need to `potong` because you have eraction problem?

Posted by i3lurker > 4 hours ago | Report Abuse

dun worry
I will Vote for PAS

thereafter I will propose to PAS Federal Gobermen that LTIP can only be awarded to local mosques/suraus.

Posted by Johnchew5 > 2023-07-07 23:53 |

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Posted by Johnchew5 > 2023-07-07 23:57 |

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Posted by Johnchew5 > 2023-07-08 00:49 |

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Posted by Johnchew5 > 2023-07-08 00:52 |

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Posted by Johnchew5 > 2023-07-08 05:56 |

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Posted by Johnchew5 > 2023-07-08 05:58 |

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Posted by Johnchew5 > 2023-07-08 05:59 |

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Posted by soon9913 > 2023-07-08 19:06 | Report Abuse

they dont have cash to pay you div thats why propose DRP by issuing new share lo

Posted by Sslee > 2023-07-09 09:01 | Report Abuse

ALP just wants to issue more shares so that he will get his cut in free grant LTIP so the more NOSH the merry.

Posted by Sslee > 2023-07-09 09:02 | Report Abuse

Total NOSH 2,289,834,607

Posted by Johnchew5 > 2023-07-09 09:43 | Report Abuse

We usually find it abbreviated as DRIP or DRP in Malaysia. In simple words, a dividend reinvestment plan is a corporate action that allows investors to use the dividend distributed by the company to buy the company newly issued shares.


Posted by soon9913 > 14 hours ago | Report Abuse

they dont have cash to pay you div thats why propose DRP by issuing new share lo

Posted by soon9913 > 2023-07-09 13:16 | Report Abuse

haha that one is Vietnam tnb, not MY tnb

Posted by SarifahSelinder > 2023-07-09 13:56 | Report Abuse

Yg so important question ni xda pula yg tanya kat AGM

So now worry sick wondering if EVN payments are late or not?

4 months rasa rasa is rather slow

1 month slow is about 190m

Posted by davidts95 > 2023-07-10 15:39 | Report Abuse

Up up up !

Posted by valueinvestor33 > 2023-07-10 16:35 | Report Abuse

DCF valuation is a nonsense and keep it for himself. His comments is not welcomed here.

Posted by It's Compounding > 2023-07-10 18:46 | Report Abuse

Hi Sslee, from the announcement of Jaks, it shows after the grant LTIP the issued share capital will increase accordingly. May I know since it's free then who pays for the increase amount?

Posted by warchest > 2023-07-10 20:11 | Report Abuse

https://klse.i3investor.com/web/blog/detail/TimelessInvestment/2023-07-10-story-h-246424046-JAKS_Resources_Berhad

Posted by i3lurker > 2023-07-11 01:01 | Report Abuse

You are talking about Companies Act 1965.
It's now Companies Act 2016
STOP buying any shares since there is so much you dun know.
Go sign up for free classes from sex firm or attend BURSA classes


It's Compounding

Hi Sslee, from the announcement of Jaks, it shows after the grant LTIP the issued share capital will increase accordingly. May I know since it's free then who pays for the increase amount?

6 hours ago

Posted by Johnchew5 > 2023-07-11 06:13 | Report Abuse

A ) Referred to FY21 Annual Report :

The turnaround to Profitability was mainly from the share of profit in the Vietnam joint venture which amounted to RM 140.7 million in FYE2021 as compared to RM3.8 million in the previous year .


B ) Referred to FY22 Annual Report :

The increase in Profitability arose from the Higher share of Profit from the Vietnam joint venture that rose by 11 % to RM 156.2 million.


C ) Referred to 1st QR ended March 2023 :

Share of Profit in Joint Venture is RM 28,326,000 compared to March 2022 RM 33,936,000.


—


>> JHDP has been granted the Investment Certificate by the Ministry of Planning and Investment of Vietnam on June 2011 to develop a 2 x 600 MW Coal Fired Thermal Power Plant Project in Phuc Thanh Commune, Kinh Mon District, Hai Duong Province, Vietnam ("Hai Duong BOT Thermal Power Plant"), under the form of Build-Operate-Transfer ("BOT") for 25 years.


>>> Construction of Hai Duong BOT Thermal Power Plant has commenced in the first half of 2016. Hai Duong BOT Thermal Power Plant achieved the commercial operation for its first unit on November 2020, while the commercial operation for the second unit was achieved in January 2021.

Posted by Sslee > 2023-07-11 06:24 | Report Abuse

Q3 end 31/9/2023. Under P&L statement will be addition expenses:
Restricted Share plan ("RSP") expenses: RM 70,500,000 X 0.18= RM 12,690,000
So guess who will pay for the increase amount?

It's Compounding Hi Sslee, from the announcement of Jaks, it shows after the grant LTIP the issued share capital will increase accordingly. May I know since it's free then who pays for the increase amount?
10/07/2023 6:46 PM

Listing Date 10-Jul-2023
New type/class? No
Type Others
Details Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued 70,500,000
Issue Price MYR 0.180
Par Value 0.000
Total NOSH 2,289,834,607

Posted by Johnchew5 > 2023-07-11 08:13 |

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Posted by mickey77 > 2023-07-11 10:08 | Report Abuse

TNB ok LSS4 for Jaks???

Posted by soon9913 > 2023-07-11 12:12 | Report Abuse

LSS4 is testing by TNB now, target for acceptance by end of Q3 23

Posted by Johnchew5 > 2023-07-11 14:45 |

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Posted by warchest > 2023-07-12 08:17 | Report Abuse

The grant of free shares need to be halted as the Group is not performing, with RM131m of impairment in receivables and legal tussles. And is share price is at all time low.

https://klse.i3investor.com/web/blog/detail/TimelessInvestment/2023-07-10-story-h-246424046-JAKS_Resources_Berhad

Posted by warchest > 2023-07-12 08:23 | Report Abuse

It is absurd for the MD and it's management team to receive on average RM10m & RM1m/person for the non performance. It is unhealthy practice & without skin in the game (the Group's financial performance is not in tandem with its high remunerations). Their remunerations are even higher than the top 10 listed companies in Malaysia. But JAKS is only a tiny RM400m Group

Posted by warchest > 2023-07-12 08:26 | Report Abuse

The benefits from JHDPP & LSS4 are currently enjoy by the directors & management team. So far, the shareholders receiving nothing but negative value

Posted by Johnchew5 > 2023-07-12 08:50 |

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Posted by soon9913 > 2023-07-12 21:19 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR ANG LAM POAH | https://www.klsescreener.com/v2/announcements/view/5297847



huat ar

Posted by Gotyou > 2023-07-13 09:46 | Report Abuse

https://klse.i3investor.com/web/blog/detail/gotyou/2023-07-13-story-h-245713930-WHAT_YOU_DON_T_KNOW_ABOUT_JAKS_RESOURCES

Posted by Johnchew5 > 2023-07-13 10:41 |

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Posted by Johnchew5 > 2023-07-13 13:08 |

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Posted by Johnchew5 > 2023-07-13 13:10 |

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Posted by mickey77 > 2023-07-13 15:36 | Report Abuse

That Gotyou story is pure bull. Pure nonsense.

Posted by Johnchew5 > 2023-07-13 18:39 |

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Posted by Johnchew5 > 2023-07-14 06:00 |

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Posted by Johnchew5 > 2023-07-14 06:02 | Report Abuse

Accumulated Profit : 324,951,000 ( Audited as on December 2022 is RM 310,874 ,000 )