The following is the text of an announcement released to the
Hong Kong Exchanges and Clearing Limited and The
(Hong Kong Stock Code: 5)
GRANT OF SHARE OPTIONS
This announcement is made pursuant to Rules 17.06A, 17.06B and 17.06C of the Rules Governing the Listing of Securities on The
On
|
Exercise Price at which the Options were granted |
Option Period |
Number of shares under Options |
|
GBP 7.611 |
3 years |
8,624,318 |
|
5 years |
3,276,497 |
|
|
Total number of Options granted |
11,900,815 |
|
|
Closing market price of the ordinary shares on the |
GBP 10.372 |
|
|
Vesting period of the Options |
3 years, exercisable from |
|
|
5 years, exercisable from |
||
|
Exercise period of the Options |
No later than six months from the vesting date of the Options |
|
|
Performance Targets and Clawback |
Grants of Options under the Plan do not include performance conditions or clawback provisions due to the requirements of the |
|
|
Arrangements for the Company or a subsidiary to provide financial assistance to the grantees |
None |
|
|
Number of shares available for future grant under the plan mandate |
The Plan is subject to three limits on the number of Shares committed to be issued under Options: 1. 10% of the ordinary share capital of the Company in issue immediately before that day, when added to the number of Shares which have been issued, or committed to be issued, to satisfy Options under the Plan, or options or awards under any other employee share plan operated by the Company granted in the previous 10 years. The number of Shares available to issue under this limit is 990,097,349. 2. 2,036,512,211 (being 10% of the Shares in issue (excluding treasury shares) on the date of shareholder approval of the numerical limit under the Plan) Shares issued under the Plan as well Options currently outstanding that were granted after last shareholder approval. The number of Shares available to issue under this limit is 1,961,176,885. 3. 4,675,000,000 Shares may be allocated for subscription under the Plan and put under option (including all outstanding Options). The number of Shares available to use under this limit is 4,116,641,441. |
|
There were no Options granted to any director of the Company.
For and on behalf of
Aileen Taylor
Company Secretary
The Board of Directors of
Sir
*
† Independent non-executive Director
Registered Office and Group Head Office:
Incorporated in
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