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 Restricted Share Plan ("RSP") as follows:
1. | Date of grant of Awards | 29 April 2016 |
2. | Number of shares which are the subject of the Awards | 5,825,645 shares |
3. | Market price of the Company's securities on the date of grant | S$5.40 |
4. | Vesting and Release of the Awards | 33⅓% in 2017, 33⅓% in 2018 and 33⅓% in 2019 The release of shares which are the subject of the Awards is subject to the achievement of certain pre-determined Performance Conditions and time conditions as determined by the Remuneration Committee or otherwise in accordance with the rules of the RSP |
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 5,645,645 shares | |
(ii) Directors of the Company | 0 to 180,000 shares to Mr Loh Chin Hua | |
(iii) Controlling Shareholders (and their associates) of the Company | Nil |
By Order of the Board
Caroline Chang/Kelvin Chua Company Secretaries
29 April 2016
Keppel Corporation Ltd. issued this content on 29 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2016 02:43:05 UTC. Original document available at http://www.kepcorp.com/en/download.ashx?id=10115 |
