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04 December 2017

Type Announcement
Subject OTHERS
Description

GRANT OFFER OF SHARES PURSUANT TO THE LONG TERM INCENTIVE PLAN OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF TM (EXCLUDING TREASURY SHARES) FOR THE ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTORS OF TM AND ITS SUBSIDIARIES (LTIP)

We refer to the announcements dated 9 March 2016, 18 March 2016, 30 March 2016, 12 April 2016, 28 April 2016, 29 September 2016, 7 December 2016 and 1 June 2017 in relation to the Proposed LTIP (Announcements). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.

Following the implementation of LTIP with effect from 29 September 2016 and in accordance with Paragraph 9.19 (51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, TM wishes to announce that it has today made the Grant Offer of ordinary shares in TM (TM shares) comprising Performance Share (PS) Grants to eligible employees and executive directors of TM and its subsidiaries.

The details of Grant Offer are set out in the table below:

No. Description of Grant Offer PS
1. Date of Grant Offer 4 December 2017
2. Exercise Price Not Applicable as the TM shares will be awarded upon vesting to the eligible employees without any cash consideration, upon achieving the applicable performance measurements
3. Number of TM shares offered to the eligible employees under LTIP
(i)

Datuk Bazlan Osman - Executive Director/Deputy Group Chief Executive Officer

 Up to 472,200 unit shares
(ii) Other eligible employees Up to 3,841,000 unit shares
(iii) Total Up to 4,313,200 unit shares
4. Closing market price of TM shares on the date of Grant Offer RM5.97
5. Vesting Period of Grant Offer Fully vested on 30 November 2020 or any other date as determined by the LTIP Committee subject to fulfilment of vesting condition

This announcement is dated 4 December 2017




Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TM
Date Announced 04 Dec 2017
Category General Announcement for PLC
Reference Number GA1-04122017-00072