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BackJul 03, 2013
Type Announcement
Subject OTHERS
Description OFFER OF EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) OPTIONS TO ELIGIBLE EMPLOYEES OF AIRASIA X BERHAD (“AIRASIA X”) AND ITS SUBSIDIARIES (“AIRASIA X GROUP”)

 

Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), AirAsia X wishes to announce that it has offered ESOS options to certain eligible employees of the AirAsia X Group, further details of which are as set out in Section 4.5 of the AirAsia X prospectus dated 10 June 2013 (“Prospectus”). Details of the offer are as follows:

Date of offer

:

1 July 2013

Exercise price of ESOS options offered

:

RM1.25

Number of ESOS options offered

:

9,550,000(1)

Market price of AirAsia X shares on the date of the offer

:

N/A

Number of ESOS options offered to Directors of AirAsia X

:

Nil

Vesting period of ESOS options offered

:

No. of ESOS options to be vested

Scheduled vesting date

2,575,000

1 July 2014

2,325,000

1 July 2015

2,325,000

1 July 2016

2,325,000

1 July 2017

 

Notes:

N/A    Not applicable as AirAsia X is not listed yet as at the date of this announcement.

(1)    As opposed to 9,850,000 as stated in Section 4.5 of the Prospectus

 


Announcement Info

Company Name AIRASIA X BERHAD  
Stock Name AAX    
Date Announced 3 Jul 2013  
Category General Announcement
Reference No MM-130703-62974