Microsoft Word - e-share option adj_2015 int div

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: 0017) ADJUSTMENTS OF THE EXERCISE PRICE AND THE NUMBER OF THE OUTSTANDING SHARE OPTIONS

The Board announces that as a result of the allotment of new Shares to Shareholders who elected to receive the interim dividend for the six months ended 31 December 2014 in scrip form on 22 May 2015, the exercise price and the number of the outstanding Share Options have been adjusted with effect from 22 May 2015 in accordance with the terms of the Share Option Scheme and the Supplementary Guidance.
On 22 May 2015, the Company issued and allotted 88,364,122 new Shares to shareholders who elected to receive the interim dividend for the six months ended 31 December 2014 in scrip form.
Pursuant to the terms of the Share Option Scheme and the Supplementary Guidance, the exercise price and the number of the outstanding Share Options have been adjusted in the following manner with effect from 22 May 2015:

Before adjustments After adjustments

Exercise price Number of Share Options Exercise price Number of Share Options

Date of grant

per Share

HK$

outstanding

per

Share

HK$

outstanding

19 March 2012

9.172

79,301,469

9.161

79,392,539

16 November 2012

11.262

6,950,088

11.249

6,958,068

22 January 2014

9.777

30,536,716

9.766

30,571,768

27 October 2014

9.506

33,188,478

9.495

33,226,582

Separate notification regarding the adjustments will be sent to each holder of the Share Options.

DEFINITIONS

"Board" the board of directors of the Company

1

"Company" New World Development Company Limited (新世界發展有限 公司), a company incorporated in Hong Kong with limited
liability
"Hong Kong" the Hong Kong Special Administrative Region of the People's
Republic of China
"Share(s)" ordinary share(s) in the share capital of the Company
"Share Option(s)" the option(s) to subscribe for Share(s) granted under the Share
Option Scheme
"Share Option Scheme" the share option scheme adopted by the Company on 24
November 2006 and amended on 13 March 2012 "Shareholder(s)" holder(s) of the Share(s)
"Stock Exchange" The Stock Exchange of Hong Kong Limited
"Supplementary Guidance" The supplementary guidance attached to the letter issued by the Stock Exchange dated 5 September 2005 relating to share option schemes
"HK$" Hong Kong dollars, the lawful currency of Hong Kong
Hong Kong, 22 May 2015
By Order of the Board

Wong Man-Hoi

Company Secretary

As at the date of this announcement, the Board comprises (a) seven executive directors, namely Dr. Cheng Kar-Shun, Henry, Dr. Cheng Chi-Kong, Adrian, Mr. Chen Guanzhan, Ms. Ki Man-Fung, Leonie, Mr. Cheng Chi-Heng, Ms. Cheng Chi-Man, Sonia and Mr. Au Tak-Cheong; (b) two non-executive directors, namely Mr. Doo Wai-Hoi, William and Mr. Cheng Kar-Shing, Peter; and (c) five independent non-executive directors, namely Mr. Yeung Ping-Leung, Howard, Mr. Cha Mou-Sing, Payson (alternate director to Mr. Cha Mou-Sing, Payson: Mr. Cha Mou-Zing, Victor), Mr. Ho Hau-Hay, Hamilton, Mr. Lee Luen-Wai, John and Mr. Liang Cheung-Biu, Thomas.

2

distributed by