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The Affin Bank Group is a financial services conglomerate. The Group's activities focus on commercial, Islamic and investment banking services, money broking and underwriting of life and general insurance business.
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
AFFIN BANK BERHAD (ABB) ALLOTMENT OF SHARES IN AFFIN HWANG ASSET MANAGEMENT BERHAD (AHAM), A 70% INDIRECT SUBSIDIARY OF ABB, TO A DIRECTOR OF AHAM THROUGH THE EXERCISE OF OPTIONS PURSUANT TO AHAM'S STOCK OPTION PLAN OF UP TO 10% OF THE ENLARGED ISSUED SHARE CAPITAL OF AHAM TO KEY EMPLOYEES (STOCK OPTION PLAN) |
|
The Board wishes to announce that on 8 March 2019, 311,080 new ordinary shares in AHAM were allotted and issued to Teng Chee Wai, the Managing Director of AHAM for a cash consideration of RM12.54 million pursuant to the Stock Option Plan (“Exercise of Options by TCW”).
Please refer to the attachment for further details on the Exercise of Options by TCW. |
|
This announcement is dated 8 March 2019.
| Company Name | AFFIN BANK BERHAD |
| Stock Name | AFFIN |
| Date Announced | 08 Mar 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08032019-00032 |
Please refer attachment below.
Attachments
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