DYNA-MAC HOLDINGS LTD.
Co. Reg. No. 200305693E
(Incorporated in Singapore)
GRANT OF AWARDS PURSUANT TO THE DYNA-MAC SHARE AWARD SCHEME 2021
Pursuant to Rule 704 (29) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), the Board of Directors of Dyna-Mac Holdings Ltd. (the "Company" and together with its subsidiaries, the "Group") hereby announces the grant of contingent awards of ordinary shares ("Shares") in the capital of the Company ("Awards") pursuant to the Dyna-Mac Share Award Scheme
2021 ("DMSAS") as follows:
Date of Grant | 16 July 2021 | |||
Number of Shares which are the | 10,029,000 | |||
subject of Awards granted | ||||
Closing market price of Shares on | S$0.10 | |||
the date of grant | ||||
Lim Ah Cheng - Executive Director and | Award of up to | |||
Number of Shares granted to | Chief Executive Officer | 5,445,000 Shares | ||
Director | and | controlling | ||
shareholders (and each of their | ||||
associates) | ||||
The balance 4,584,000 Shares which are the subject of Awards | ||||
granted on 16 July 2021 were granted to certain employees of | ||||
the Group who are not Directors. | ||||
Vesting Period of Awards | 3 equal tranches over 3 years upon achieving prescribed | |||
performance conditions | ||||
BY ORDER OF THE BOARD
Lim Ah Cheng
Executive Director & Chief Executive Officer
16 July 2021
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Dyna-Mac Holdings Ltd. published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 10:25:06 UTC.