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)
GRANT OF SHARE OPTIONS
This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
The board of directors (the "Board") of Shenzhen Investment Limited (the "Company") announces that on 8 February 2018 (the "Offer Date"), the Company offered to grant a total of 22,384,000 share options (the "Share Options") to certain eligible persons (collectively, the "Grantees") to subscribe for a total of 22,384,000 ordinary shares of the Company ("Shares") under the share option scheme adopted by the Company on 22 June 2012 (the "Share Option Scheme"), subject to acceptance by the Grantees. Details of the Share Options offered to be granted are as follows:
Offer Date | : | 8 February 2018 |
Exercise price of the | : | HK$3.394 per Share, which represents the higher of (i) |
Share Options | the closing price of HK$3.26 per Share as stated in the | |
Stock Exchange's daily quotations sheet on the Offer | ||
Date; and (ii) the average closing price of HK$3.394 per | ||
Share as stated in the Stock Exchange's daily quotations | ||
sheets for the 5 business days immediately preceding the | ||
Offer Date | ||
Total number of Share | : | 22,384,000 |
Options offered to be | ||
granted | ||
Total number of Shares | : | 22,384,000 |
to be issued upon | ||
exercise of the Share | ||
Options in full | ||
Closing price of Shares | : | HK$3.26 per Share |
on the Offer Date |
Validity period of the Share Options
:The Share Options shall be deemed to be granted upon acceptance of the offer of the grant in accordance with the terms of the Share Option Scheme. The Share Options are exercisable during the period from 20 June 2019 to 19 June 2022, subject to performance review and the following vesting term:-
Maximum percentage of Share Options exercisable
(including the Share Options | Exercise period of the relevant |
previously exercised) | percentage of the Share Options |
40% | at any time from 20 June 2019 |
to 19 June 2020 | |
70% | at any time from 20 June 2020 |
to 19 June 2021 | |
100% | at any time from 20 June 2021 |
to 19 June 2022 |
None of the Grantees is a director, chief executive or substantial shareholder of the Company, or an associate (as defined under the Listing Rules) of any of them.
By Order of the Board SHENZHEN INVESTMENT LIMITED
LU Hua
Chairman
Hong Kong, 8 February 2018
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 08 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 February 2018 15:09:08 UTC.
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