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Proposed New Employees' Share Option Scheme ("ESOS" Or The "Scheme") ("Proposed New ESOS" Or "New Scheme")

12 April 2002

Type Announcement
Subject TELEKOM MALAYSIA BERHAD (“TM” OR THE “COMPANY”)

PROPOSED NEW EMPLOYEES’ SHARE OPTION SCHEME (“ESOS” OR THE “SCHEME”) (“PROPOSED NEW ESOS” OR “NEW SCHEME”)

Contents :

On behalf of TM, Commerce International Merchant Bankers Berhad (“CIMB”) is pleased to announce that the Securities Commission (“SC”) had, vide its letter dated 11 April 2002, approved the Proposed New ESOS without any variations as announced on 28 February 2002.

The approval of the SC is subject to the following conditions: (i) A copy of the final bye-laws of the Proposed New ESOS to be furnished to the SC for record purposes; and (ii) A letter of confirmation from the adviser stating that:
    • - all the conditions to the SC’s approval has been fulfilled and that the bye-laws of the Proposed New ESOS do not contravene the SC’s guidelines on employee share option scheme; and- the Proposed New ESOS has been approved by all other relevant parties and has fulfilled any conditions imposed therein.
(iii) TM is required to fully adhere to all relevant requirements pertaining to the implementation of the Proposed New ESOS as stipulated under the Policies and Guidelines on Issue/Offer of Securities issued by the SC.

This announcement is dated 12 April 2002.

Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TELEKOM
Date Announced 12 Apr 2002
Category General Announcement
Reference No MM-020412-62232