CHU KONG SHIPPING ENTERPRISES (GROUP) COMPANY LIMITED 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.
(Incorporated in Hong Kong with limited liability)
(Stock Code: 00560)This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
The board of directors (the "Board") of Chu Kong Shipping Enterprises (Group) Co., Ltd. (the "Company") is pleased to announce that the Company granted share options (the "Share Options") to certain eligible persons (the "Grantees') to subscribe for a total of 9,392,000 ordinary shares (the "Shares") on 18 December 2015, subject to the acceptance of the Grantees, pursuant to the share option scheme of the Company (the "Share Option Scheme") adopted on 8 December 2015. The details of the Share Options granted are as follows:
Date of Grant | : | 18 December 2015 (the "Grant Date") |
Exercise Price of Share Options | HK$2.33 per Share, which represents the highest of (i) the closing price of the Shares HK$2.33 as stated in the daily quotation sheets of the Stock Exchange on the Grant Date; and (ii) the average closing price of the Shares HK$2.30 as stated in the daily quotation sheets of the Stock Exchange for five consecutive business days immediately preceding the Grant Date | |
Number of Share Options granted | : | 9,392,000 |
Closing price of the Shares on the Grant Date | : | HK$2.33 per Share |
Validity period of the Share Options | : | 5 years from the Effective Date and subject to the following vesting schedule |
Subject to the fulfillment of certain conditions (including certain performance targets), the Share Options shall be vested in accordance with the following vesting schedule:
Effective Date | Proportion of the number of Share Options which shall be vested |
After the second anniversary of the Grant Date | 1/3 |
After the third anniversary of the Grant Date | 1/3 |
After the fourth anniversary of the Grant Date | 1/3 |
Among the Share Options granted above, 844,000 Share Options were granted to the directors of the Company (the "Directors"), details of which are as follows:
Name of Directors | Position(s) held in the Company | Number of Share Options granted |
Xiong Gebing | Chairman and Managing Director | 241,000 |
Zeng He | Executive Director | 201,000 |
Cheng Jie | Executive Director | 201,000 |
Zhang Lei | Non-executive Director | 201,000 |
The grant of the Share Options to the Directors has been approved by the independent non-executive Directors on 18 December 2015.
Save as disclosed in this announcement, none of the Grantees is a director, chief executive or substantial shareholder of the Company, or their respective associate (as defined under the Listing Rules).
By Order of the Board Cheung Mei Ki Maggie Company Secretary
Dated this 18 December 2015
As at the date of this announcement, the Company's executive Directors include Mr. Xiong Gebing, Mr. Zeng He and Mr. Cheng Jie; non-executive Director include Mr. Zhang Lei; and independent non-executive Directors include Mr. Chan Kay-cheung, Ms. Yau Lai Man and Mr. Chow Bing Sing.
CKS - Chu Kong Shipping Development Company Limited issued this content on 2015-12-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-18 11:12:14 UTC
Original Document: http://www.cksd.com/attachment/2015121819020100002390895_en.pdf
