Globetronics Technology Bhd (“GTB”)
Globetronics Technology Bhd (“GTB”)
Employee Share Option Scheme 3 (“ESOS 3”)
Agenda
1. Rationale of ESOS
2. By-Laws & Guidelines of ESOS
A.
Duration of ESOS
B.
C.
D.
E.
F.
G.
H.
I.
Eligibility
Basis of Allotment
Option Price
Exercise of Option
Offer & Acceptance of offer
Cessation of Employment
Non Transferability of Options
No retention of shares
3. Flow Chart For Offer & Exercising Options
4. Action Required From You
5. Frequently Asked Question
1. Rationale Of ESOS 3
a)
To align long term interests of employees with those of GTB
Group and to encourage employees to assume greater
responsibility for the better performance of GTB Group
b)
Motivate employees towards strategic business objectives
c)
Allow employees to participate in equity stake of Company and
future growth of GTB Group
d)
Make total compensation package competitive to attract, retain
and motivate high caliber individuals.
2.
By-Laws & Guidelines of ESOS 3
A. Duration Of ESOS 3
• 5 years Scheme effective 13 April 2009
• expiry on 12 April 2014
2.
By-Laws & Guidelines of ESOS 3
B. Eligibility
Any natural person who on Date Of Offer :-
a)
is at least 18 years of age;
b)
full time employment & on the payroll of any company
comprised in the Group ( exclude foreign subsidiaries);
c)
includes Malaysian expatriates serving in overseas
subsidiaries;
d)
Employees from NE1 & Above ( Level 1 & above); and
e)
confirmed & at least 3 full months of continuous service in
any company comprised in the Group.
2.
By-Laws & Guidelines of ESOS 3
B.
Eligibility (cont’d)
f)
Falls within such other categories and criteria that the Option
Committee may from time to time at its absolute discretion
determine
Note : Confirmed contract workers with at least 1 year service
also eligible
•
Cut off date for Batch 1 : 1 April 2009
2.
By-Laws & Guidelines of ESOS 3
C.
Basis Of Allotment
•
Options are granted to employees based on grade and
performance of the eligible employees.
•
The actual offer to an eligible employee may vary from
period to period depending on the individual performance
•
Note : No option will be offered to an eligible employee
who receive UNSATISFACTORY rating
2.
D.
By-Laws & Guidelines of ESOS 3
Option Price
• based on the 5 day weighted average market price
of the GTB shares at the time of the Offer
• The offer date is fixed on Apr 13 2009 and the offer
price at RM 0.51
2.
By-Laws & Guidelines of ESOS 3
E.
Offer & Acceptance Of Options
•
No of new shares offered > 100 shares & <
maximum allowable allocation
•
in multiples of 100 shares
•
Accept by signing on acceptance form and
paying RM1 within 30 days of letter of offer
date.
2.
F.
a)
By-Laws & Guidelines of ESOS 3
Exercise Of Options
Maximum amount of Options granted shall be exercisable :
 100% at the year of allotment
 Exercise over the remaining period of ESOS
scheme
2.
F.
b)
By-Laws & Guidelines of ESOS 3
Exercise Of Options (cont’d)
Options exercisable in year of allotment but not
exercised can be carried forward to the subsequent
years subject to time limit of the scheme.
Executive
20,000
Eg
No of shares allotted
Year
Balance B/F
Exercise
Balance C/F
2009
20,000
4,000
16,000
2010
16,000
5,000
11,000
2011
11,000
3,000
8,000
2012
8,000
6,000
2,000
2013
2,000
2,000
-
Will expire
12 April 2014
2.
F.
By-Laws & Guidelines of ESOS 3
Exercise Of Options (cont’d)
c) Minimum 500 shares & in multiple of 100 shares
per exercise
Eg, 600 shares, 700 shares
2.
G.
•
By-Laws & Guidelines of ESOS 3
Cessation of Employment
unexercised Option will be null and void
2.
H.
By-Laws & Guidelines of ESOS 3
Non transferability of Option
The Options are :
• Non-assignable
• Non-transferable
• Non-Disposable
2.
I.
•
By-Laws & Guidelines of ESOS 3
No Retention Period of Share
No retention period / restriction on transfer
once the Shares has been allotted to a
Grantee
Globetronics Technology Bhd (“GTB”)
Employee Share Option Scheme 3 (“ESOS 3”)


Agenda
1. Rationale of ESOS
2. By-Laws & Guidelines of ESOS
A.
Maximum shares available under the Scheme
B.
C.
D.
E.
F.
G.
H.
I.
Eligibility
Basis of Allotment and Maximum Allowable Allocation
Option Price
Exercise of Option
Offer & Acceptance of offer
Cessation of Employment
Non Transferability of Options
No retention of shares
3. Flow Chart For Offer & Exercising Options
4. Action Required
5. Frequent Asked Question
The ESOS By-Laws can be viewed on your login
screen to the ESOS system under :E-hrm ESOS
GMT Portal
ESOS - Employee Share Option Scheme
3. Flow for Offer & Acceptance
Letter of Offer distributed
to employees
Employees return Acceptance
Form together with proceeds
Of RM 1
ESOS Committee Issues ESOS
Certificate to Employees
3. Flow for Exercising Options
Login to e-HRM ESOS.
Goto Notice of Exercise and key
in exercise details.
http://192.168.200.126/esostest
a)
Prepare Cheque/ bank draft payable to
“Globetronics Technology Bhd” and
pass to Finance Representative
Processing by Company Secretary,
Share Registrar and Bursa Malaysia
Shares alloted to your
CDS Account. Check listing status
on ESOS system.
b)
c)
Pls write your name & employee #
at the back of the cheque
Finance representative to collect
cheque for ESOS :
G2 & G4
Kok Yu (ext 160)
ISO 2
Liew Bee (ext 146)
Jitra
Rose (ext 151)
GSB KL & GKL Mei Leng
Your exercise will only be
submitted upon clearance of
cheque
Average leadtime from exercise to
listing ~ 3 weeks
3. Flow for Exercising Options (Cont’d)
1. Weekly Submission for listing processing by
Corporate Planning Dept - every Monday morning
2. Cheque - to be submitted to Finance
representative must be by before 6pm
Wednesday.
3. Cash – to bank-in into the following account
before 4pm Friday.
HSBC Bank Malaysia Berhad
A/c no.: 372-137109-101
For Company: Globetronics Technology Bhd
4. Immediate Action From You
1. To return the signed Acceptance Form & RM 1 to your
Department Head
2. To open Central Depository Accounts (CDS) through stock
broking house
3. Your initial log in for ESOS System would be the same user
name and password as e-HRM system for those who
already have an e-HRM access. For those who do not have
e-HRM access yet, your login for ESOS would be :
User name : Employee Number + Year of Birth
(G0XXXXXXXX)
Password : 1234
4. Immediate Action From You
4. You are advised to change your password
immediately upon login to ESOS System. This can
be done under “System Manager”.
Please contact Kok Yu at 819-4160 or Ming Nee at
819-4121 should you have any questions
pertaining to ESOS system / overall.
Frequently Asked Question
4. Frequently Asked Question
Q1 : Can I lose money by exercising my options ?
A1 : It takes about 3 weeks for the shares to be credited into your
CDS account. During that period, the share price is subject to market
fluctuations that may make share price drop below your exercise price
when you receive your shares in your CDS account.
4. Frequently Asked Question
Q2 : How do I open a CDS account and what are the documents
needed ?
A2 : You have to go to a stockbroking firm / remisier to open up
an account with them. They will require your I.C and probably
some income supporting documents like payslips / bank
statements.
You may contact the following person if you wish to open a CDS
account and do not have any contacts :
Name
:
Chin Wai Thoa (OSK Securities)
Contact
:
012-474 1668 or 019-477 1668
Office
:
640-4868
4. Frequently Asked Question
Q3 : What do I do after the shares are credited into my CDS
account ?
A3 : Once credited, you have to decide when you want to sell your
shares and call your broker / remisier to sell them for you. A cheque
will be issued to you by your remisier 3 days after you have sold
your shares.
THANK YOU