KEPPEL LTD. In accordance with Rule 704(29) of the Listing Manual, Keppel Corporation Limited (the "Company") hereby discloses the details of the grant of contingent awards of shares ("Awards") pursuant to the KCL Performance Share Plan ("PSP") as follows:
1. | Date of grant of Awards | 30 July 2015 |
2. | Number of shares which are the subject of the Awards | 330,000 shares (maximum) |
3. | Market price of the Company's securities on the date of grant | S$7.80 |
4. | Vesting and Release of the Awards | 0 to 330,000 shares in 2018 The release of shares which are the subject of the Awards is subject to the achievement of certain pre-determined Performance Conditions as determined by the Remuneration Committee or otherwise in accordance with the rules of the PSP |
5. | Number of shares which are the subject of the Awards granted to eligible participants are as follows: | |
(i) Employees of the Company | 0 to 330,000 shares | |
(ii) Directors of the Company | Nil | |
(iii) Controlling Shareholders (and their associates) of the Company | Nil |
By Order of the Board
Caroline Chang/Kelvin Chua
Company Secretaries
30 July 2015
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