SHENZHEN INVESTMENT 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: 00604) ADJUSTMENTS OF THE EXERCISE PRICE AND THE NUMBER OF THE OUTSTANDING SHARE OPTIONSThe Board announces that as a result of the issue and allotment of new Shares on 18 August 2017 to Shareholders who elected to receive the final dividend and special dividend for the year ended 31 December 2016 in scrip form, as well as certain accrued adjustment events, the exercise price and the number of the outstanding Share Options have been adjusted with effect from 18 August 2017 pursuant to the terms of the Share Option Scheme and in compliance with the Supplementary Guidance.
The Company issued and allotted 258,807,500 new Shares on 18 August 2017 to Shareholders who elected to receive the final dividend and special dividend for the year ended 31 December 2016 in scrip form. The Company had also issued and allotted new Shares to Shareholders who elected to receive the final dividend for the years ended 31 December 2013, 2014 and 2015 and/or the interim dividend for the six months ended 30 June 2016 in scrip form.
In view of the adjustment events mentioned in the preceding paragraph, pursuant to the terms of the Share Option Scheme and in compliance with the Supplementary Guidance, the exercise price and the number of the Share Options outstanding as at 18 August 2017 have been adjusted in the following manner with effect from 18 August 2017:-
Before adjustments | After adjustments | |||
Date of Grant | Exercise price per Share HK$ | Number of Outstanding Share Options | Exercise price per Share HK$ | Number of Outstanding Share Options |
28 January 2014 | 2.85 | 73,258,400 | 2.376 | 87,888,050 |
27 July 2015 | 3.396 | 6,014,000 | 3.066 | 6,661,422 |
14 June 2016 | 3.108 | 5,490,000 | 2.927 | 5,830,308 |
20 June 2017 | 3.50 | 139,048,000 | 3.50 | 139,048,000 |
Separate notification with regard to the adjustments mentioned above will be sent to each holder of the outstanding Share Options.
DEFINITIONS | |
"Board" | the board of directors of the Company |
"Company" | Shenzhen Investment Limited, a company incorporated in Hong Kong with limited liability, the shares of which are listed on the Main Board of the Stock Exchange |
"HK$" | Hong Kong dollars, the lawful currency of Hong Kong |
"Share(s)" | share(s) of the Company |
"Share Option(s)" | the option(s) to subscribe for new Share(s) granted under the Share Option Scheme |
"Share Option Scheme" | the share option scheme adopted by the Company on 22 June 2012 |
"Shareholder(s)" | holder(s) of Share(s) |
"Stock Exchange" | The Stock Exchange of Hong Kong Limited |
"Supplementary Guidance" | the supplementary guidance attached to the letter of the Stock Exchange relating to share option schemes dated 5 September 2005 |
By order of the Board of Shenzhen Investment Limited LU Hua
Chairman
Hong Kong, 18 August 2017
As at the date of this announcement, the Board comprises 9 Directors, of which Dr. LU Hua, Mr. HUANG Wei, Mr. MOU Yong and Mr. LIU Chong are the executive Directors of the Company, Dr. WU Jiesi and Mr. LIU Shichao are the non-executive Directors of the Company and Mr. LI Wai Keung, Mr. WU Wai Chung, Michael and Dr. WONG Yau Kar David are the independent non-executive Directors of the Company.
Shenzhen Investment Limited published this content on 18 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 August 2017 09:41:05 UTC.
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