Zhitong Financial App News, Tengsheng Boyao-B (02137) announced that on June 24, 2022, the company granted 2.376 million share options to 20 share option transferees under the terms of the post-IPO share option plan, at an exercise price of HK $9.16 per share, subject to the acceptance of the share option transferee.
As at the date of this announcement, the total number of shares in issue is 723 million. After all such share options have been exercised, the shares to be allotted and issued accordingly account for about 0.33% of the total number of shares issued at the date of this announcement, accounting for about 0.33% of the total number of shares issued by the company (excluding the vesting of any restricted share units granted to the transferee of the restricted share unit under the grant of the restricted share unit).
The grant of share options forms part of the company's compensation policy. The purpose of granting share options is to retain employees of the company and to motivate and reward them for their contributions to the company, and to encourage employees to strive to enhance the value of the company and its shares.
In addition, on the same day, the company voluntarily granted a total of 981000 restricted share units to 20 transferees of restricted share units under the Post-IPO share Award Scheme, subject to their acceptance.
According to the 981000 restricted share units granted to the transferee of the restricted share unit, the restricted share unit refers to 981000 related shares, accounting for about 0.14% of the total number of shares issued as of the date of this announcement and about 0.14% of the total number of enlarged issued shares (excluding the exercise of any options granted to the share option transferee under the grant of share options) The market value of the restricted shares granted is about HK $8.986 million.
The grant of restricted share units forms part of the company's remuneration policy. The purpose of the grant is to closely link the rights and interests of the company with the interests and interests of its employees in order to maximize incentives for the employees of the group. The purpose of granting restricted share units is to encourage employees of the Group to share in the success of the company, to consolidate their relationship with the Group and to achieve unity of interests, thereby motivating them to work hard and contribute to the continued success of the Group and to enhance their sense of belonging.