| Type | Announcement |
| Subject | OTHERS |
| Description | OFFER AND GRANT OF OPTIONS UNDER THE EMPLOYEES' SHARES GRANT SCHEME ("SGS") OF MI TECHNOVATION BERHAD ("MiTB" or "the Company") |
Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of MiTB wishes to announce that the Board via its SGS Committee has on 22 February 2022 made an offer of share grant ("Grants") to its eligible persons under the Company's SGS in accordance with the By-Laws with details as follows:-
1) Date of Offer: 22 February 2022
2) Exercise price: Not applicable
3) Number of Shares granted: 1,000,000 ordinary shares
4) Closing market price of the Company's share on the date of offer: RM1.97 per share
5) None of the Grants is being offered to the Executive Directors of the Company.
6) Vesting period of the Grants: Within the next 4 years
This announcement is dated 22nd day of February 2022.
| Company Name | MI TECHNOVATION BERHAD |
| Stock Name | MI |
| Date Announced | 22 Feb 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22022022-00102 |