(b) Subsequent to the financial year end, a resolution in writing pertaining to the relocation of project sites for both power plants currently located at Terip and Kelinchi in Negeri Sembilan to Pasir Mas, Kelantan had been circulated to Sukukholders for approval. The said relocation was proposed by the project owners and approved by Energy Commission. As at the date of this report, there are no adverse financial impact to the Group as both the Engineering, Procurement, Construction and Commissioning (EPCC) contract and the Turnkey contract shall remain the same.
A pure renewable energy firm emerges A corporate exercise quietly announced a week ago seems to have gotton of some investors Pimpinan Ehsan bhd(PEB,5622) a company that was controlled by tycoon Tan Sri Rozali Ismail,a cash shell looking for acquisition target,made two two stock exchange fillings on Feb 19 One,that Rozali and other sharholders had sold out of the company tonew parties,thereby trigggering a mandatory general offer and two,that PEB was planning to acquiresolar power assets The closest peer would be Cypark Resources Bhd whicj operates around 47 MW of solar plants currently,with some additional350 MWp of capacity in the pipeline comprising olar,waste-to -energy and biogas/biomass projects
wallstreetrookie, he is a old man and might want to do many things with his money, how can you call it a betrayal? Jeff Bezos sold some of his shares in Amazon to buy a property to live in. Does that mean Amazon is no more good investment and going to go down? Think again! It is NOT like many big shareholders in Cypark trying to sell out to retail investors all at once knowing company is going down. That's glove counters! haha..
ESOS is normal practice by large corporations as incentive scheme to employees to boost their morale. Proven effective in many experiments under business studies. You all think the major shareholders other than the directors will allow "pure exploitation" to happen as you guys think? Think again! You don't "purchase" ESOS, its awarded to employees / directors with good performance and they can exercise it at the market and will cause total shares issued to increase by a small amount. The employee will earn the difference between "ESOS strike price" and "at what price it was exercised at the market". Don't you all want motivated employees?
On the sale of shares by the director, as i commented earlier:
He is a old man and might want to do many things with his money, how can you call it a betrayal? Jeff Bezos sold some of his shares in Amazon to buy a property to live in. Does that mean Amazon is no more good investment and going to go down? Think again! It is NOT like many big shareholders in Cypark trying to sell out to retail investors all at once knowing company is going down. That's glove counters! haha..
The Existing ESOS, which was approved by the Shareholders at the AGM which was held on 21 April 2015 and implemented on 19 October 2015, is set to expire on 18 October 2021. As such, the Company proposes to establish and implement the Proposed ESOS, which is intended to replace the existing ESOS upon its expiration.
The Proposed ESOS is established primarily to achieve the following objectives:
(i) to recognise and reward the Eligible Person(s) by giving recognition to their contributions and services that are considered vital to the operations, hence motivating employee performance to create sustainable growth and profitability for the Group;
(ii) to motivate, retain and reward Eligible Person(s) who, upon exercising their New ESOS Options, would be given the opportunity to participate in the equity of the Company and thereby relate their contribution directly to the performance of the Group; and
(iii) to attract prospective skilled and experienced employees to the Group. The Proposed ESOS is also extended to Non-Executive Directors of the Company in recognition of their contribution to CRB and to enable them to participate in the Company’s future growth.
The Company has not undertaken any equity fund raising exercise in the past 12 months before the date of the Announcement.
Subject to any adjustment in accordance with the By-Laws, the Exercise Price shall be determined based on the 5-day VWAP of the CRB Shares immediately preceding the Date of Offer, with a
"discount of not more than 10% or such other percentage of discount as may be permitted by Bursa Securities or any other relevant authorities from time to time during the duration of the ESOS."
The Proposed ESOS may be implemented in tranches, with each tranche being assigned with a different Exercise Price. In such scenario, the number of New ESOS Options to be allocated shall be decided by the Option Committee at its sole and absolute discretion and each tranche shall be separate and independent from the others.
The exercise price as determined by the Board shall be conclusive and binding on the Selected Person(s) who have accepted the Offer(s).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Superb99
6,604 posts
Posted by Superb99 > 2021-03-02 10:48 | Report Abuse
fake breakout above 1.6, gg now