Summary by Futu AI
SIMMOR INTERNATIONAL ANNOUNCED ON 27 MARCH 2024 THAT IT HAS AWARDED A TOTAL OF 390,000 SHARES OF BONUS SHARES TO 6 GROUP EMPLOYEES UNDER ITS SHARE AWARD SCHEME. The grant is subject to acceptance by the grantor. The purchase price per bonus share is zero and the closing price at the date of the grant is HK$6.60 per share. The award shares are allotted for a period of one to four years, from 27 March 2025 to 27 March 2028. The number of bonus shares is based on the position, tenure and performance evaluation results of the grantor and is limited by the refund mechanism set out in the Share Award Scheme terms. This initiative aims to motivate employees to contribute to the Group and work towards the future development of the Group. The grant is not subject to shareholder approval and, once granted, there are 268,428,486 shares available for future issuance.