NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : ESOS RANHILL UTILITIES BERHAD ("RANHILL" OR "COMPANY") (I) PROPOSED TERMINATION OF THE EXISTING LONG TERM INCENTIVE PLAN OF THE COMPANY ("PROPOSED TERMINATION OF THE EXISTING LTIP") (II) PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF RANHILL AND/OR ITS SUBSIDIARIES ("PROPOSED ESOS")
| RANHILL UTILITIES BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) ESOS |
| Description | RANHILL UTILITIES BERHAD ("RANHILL" OR "COMPANY")
(I) PROPOSED TERMINATION OF THE EXISTING LONG TERM INCENTIVE PLAN OF THE COMPANY ("PROPOSED TERMINATION OF THE EXISTING LTIP")
(II) PROPOSED ESTABLISHMENT OF AN EMPLOYEES' SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF RANHILL AND/OR ITS SUBSIDIARIES ("PROPOSED ESOS") |
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We refer to the announcement dated 14 October 2025 in relation to the Proposed Termination of the Existing LTIP and the Proposed ESOS.
On behalf of Ranhill, CIMB Investment Bank Berhad ("CIMB") wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has in its letter dated 28 October 2025, resolved to approve the listing and quotation for such number of new ordinary shares in the Company, representing up to 15% of the total number of issued shares of Ranhill (excluding treasury shares, if any), to be issued pursuant to the exercise of options under the Proposed ESOS, subject to the following conditions:
(i) Ranhill and CIMB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed ESOS;
(ii) Ranhill and CIMB to ensure the Proposed ESOS is to be implemented after the termination of the Company's existing long term incentive plan;
(iii) CIMB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in a general meeting approving the Proposed ESOS; and
(iv) Ranhill to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed ESOS as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 28 October 2025. |
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Announcement Info
| Company Name | RANHILL UTILITIES BERHAD |
| Stock Name | RANHILL |
| Date Announced | 28 Oct 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28102025-00035 |