File pic - AZHAR MAHFOF/The Star
KUALA LUMPUR: AirAsia Group Bhd (AAGB) has provided further clarification on its proposed Share Grant Scheme (SGS) that, along with a proposed Employee Share Option Scheme (ESOS) forms a Long-Term Incentive Scheme (LTIS) for its subsidiaries and eligible employees.
In a statement today, AAGB said while both the proposed ESOS and SGS are an industry norm and practised by many other airlines and businesses the world over, the group said it took cognisance of a report by UOB Kay Hian Research dated March 22, 2021 pertaining to the matter, which it said contained misleading allegations.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
