We are pleased to announce that Axiata Group Berhad ("Axiata") had today ("Date of Offer") offered 6,798,200 ordinary shares in Axiata ("Axiata Shares") under the Axiata LTIP to the eligible employees ("Eligible Employees") of the Axiata Group of Companies ("Axiata Group") ("Long Term Incentive Plan Share Offer").
Details of the Long-Term Incentive Plan Share Offer are as follows:
- Exercise Price of Axiata Shares
Not applicable as the Axiata Shares will be issued upon vesting to the Eligible Employees.
- Market Price of Axiata Share
Closing Price of Axiata Share on Date of Offer: RM2.20.
The rights offered under the Long-Term Incentive Plan Share Offer namely the performance-based grant and is expected to vest after a 3-year period from the acceptance date of the offer, subject to the Eligible Employees meeting expectations of the individual performance and the Axiata Group meeting certain financial targets exceeding certain thresholds.
Unless the Axiata Group meets its highest performance targets the total amount of rights offered to the Eligible Employees under the Long-Term Incentive Plan Share Offer for the performance-based grant, which will vest will be lower than the total amount of Axiata Shares offered.
- Number of Axiata Shares offered to Directors
No offer are made to the executive director, Vivek Sood (Group Chief Executive Officer & Managing Director) for this exercise.
This announcement is dated 21 April 2026.