DISA Limited
(formerly known as Equation Summit Limited) (Company Registration No. 197501110N) (Incorporated in the Republic of Singapore)("Company" and together with its subsidiaries, the "Group")
GRANT OF OPTIONS PURSUANT TO THE DISA EMPLOYEE SHARE OPTION SCHEME 2010The board of directors (the "Board") of the Company wishes to announce that on 28 November 2017, the Company has made an offer on grant of options pursuant to The DISA Employee Share Option Scheme 2010. Details of the grant of options are as follow:
Date of Grant | 28 November 2017 |
Exercise price of options granted | S$0.0129 per share |
The exercise price is calculated based on the weighted average of the last dealt price for a share as shown in the daily Official List published by the SGX-ST for the three (3) consecutive trading days immediately preceding the Date of Grant of Options. | |
Number of options granted | 27,000,000 |
Market price (last done price) of shares on date of grant | S$0.0130 |
Number of options granted to each director and controlling shareholder (and each of their associates), if any Name of Director
| Number of Options5,000,000 2,500,000 2,500,000 |
Validity period of options | Each option, if accepted, shall be exercisable, in whole or in part, after twelve (12) months from Date of Grant of options but before one hundred and twenty (120) months from Date of Grant of options |
Chng Weng Wah Managing Director 29 November 2017
This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr. Ong Hwee Li (Registered Professional, SAC Capital Private Limited).
Address: 1 Robinson Road, #21-02 AIA Tower, Singapore 048542. Telephone number: +65 6532 3829
DISA Limited published this content on 30 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 November 2017 03:41:07 UTC.
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