Automated Systems Ho : Grant of Share Options
05/03/2012| 06:53am US/Eastern
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Hong Kong Exchanges and Clearing Limited and The Stock
Exchange of Hong Kong Limited take no responsibility for the
contents of this announcement, make no representation as to
its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or
in reliance upon the whole or any part of the contents of
this announcement.
AUTOMATED SYSTEMS HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability)
(Stock Code : 771)
GRANT OF SHARE OPTIONS
This announcement is made pursuant to Rule 17.06A of the
Rules Governing the Listing of Securities on
The Stock Exchange of Hong Kong Limited.
The Board of Directors (the "Board") of Automated Systems
Holdings Limited (the "Company") hereby announces that on 2nd
May 2012, the Company has granted, subject to acceptance of
the grantees, share options (the "Options") to certain
eligible persons under the share option scheme of the Company
adopted on 8th August 2002, to subscribe for a total of
6,755,000 ordinary shares of HK$0.10 each of the Company (the
"Shares"). Details of the Options granted are set out
below:
Date of grant : 2nd May 2012 (the "Date of Grant")
Exercise price of Options granted : HK$1.120 per Share, which
is not less than the highest of (i) the closing price of
HK$1.100 per Share as stated in the daily quotation sheets
issued by The Stock Exchange of Hong Kong Limited (the "Stock
Exchange") on the Date of Grant; (ii) the average closing
price of HK$1.114 per Share as stated in the daily quotation
sheets issued by the Stock Exchange for the five business
days immediately preceding the Date of Grant; and (iii) the
nominal value of a Share
Number of Options granted : 6,755,000
Closing market price of the Share on the Date of Grant
: HK$1.100 per share
Validity period of the Options : Ten (10) years
Vesting period of the Options : The Options will be vested
equally on each of the first, second and third anniversaries
of the Date of Grant, or vested immediately in full in the
event of a special dividend of the Company being declared.
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Among the total of 6,755,000 Options granted, 4,085,000
Options have been granted to the Directors of the
Company as follows:
|
Name of Directors
|
Position
|
|
No. of Options granted
|
|
Mr. Hui Wing Choy, Henry
|
Executive Director
|
|
1,919,000
|
|
Mr. Leung Tat Kwong, Simon
|
Executive Director
|
|
510,000
|
|
Mr. Lau Ming Chi, Edward
|
Executive Director
|
|
1,656,000
|
|
|
|
Total:
|
4,085,000
|
By order of the Board Lau Ming Chi, Edward Company
Secretary
Hong Kong, 3rd May 2012
As at the date hereof, the Board comprises Mr. Lai Yam Ting,
Ready, Mr. Hui Wing Choy, Henry, Mr. Leung Tat Kwong, Simon
and Mr. Lau Ming Chi, Edward being Executive Directors, Mr.
Hu Liankui, Mr. Wang Weihang and Mr. Chen Zhaohui being
Non-Executive Directors and Ms. Young Meng Ying, Mr. Lu Jiaqi
and Ms. Xu Peng being Independent Non-Executive Directors.
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