KEPPEL LTD. In accordance with Rule 704(29) of the Listing Manual, Keppel Telecommunications & Transportation Ltd (the "Company") hereby discloses the details of the grant of contingent awards of shares ("Awards") pursuant to the KT&T Performance Share Plan ("KT&T PSP") as follows:
1. | Date of grant of Awards | 29 April 2016 | |
2. | Number of shares which are the subject of the Awards | 405,000 shares (maximum) | |
3. | Market price of the Company's securities on the date of grant | S$1.355 | |
4. | Vesting and Release of the Awards | 0 to 405,000 shares in 2019 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 KT&T 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 255,000 shares | |
(ii) | Directors of the Company | 0 to 150,000 shares to Thomas Pang Thieng Hwi | |
(iii) | Controlling Shareholders (and their associates) of the Company | Nil | |
(iv) | Parent Group Employees | Nil | |
By Order of the Board Kenny Lee
Company Secretary
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=10112 |
