WebbThe Post-IPO Share Award Scheme does not constitute a share option scheme pursuant to Chapter 17 of the Listing Rules and is a discretionary scheme of the Company. The grant of Awards enable the Company to attract, retain, incentivize, reward and remunerate the Grantees, and encourage them to work towards enhancing the value of the Company and WebbChapter 17 relating to employee share option schemes. Analysis . Rule 17.01(1) states that the provisions of Chapter 17 apply, with appropriate modifications, to all schemes …
PROPOSED ADOPTION OF NEW SHARE OPTION SCHEME
Webb4 aug. 2024 · Chapter 17 limits grants of share options from all share option schemes of an issuer to 10% of its total issued shares (scheme mandate limit). Issuers may seek … WebbChapter 17 of the Listing Rules currently applies to share option schemes of issuers and their subsidiaries, but does not cover share award schemes. The purpose of the consultation is to consider amending Chapter 17 to govern share award schemes as well. The consultation also reviews the current requirements of Chapter 17 and proposes … porsche tow hook
Hong Kong - New Requirements On Share Option / Award …
Webb29 nov. 2024 · The application of Chapter 17 of the Listing Rules will extend to share option schemes adopted by subsidiaries of listed issuers, whether such schemes involve issue … WebbAfter which, the amendments to Chapter 17 of the Listing Rules relating to share schemes will become effective from 1 January 2024. Listed issuers may also choose to adopt the amended Rules for their share schemes before the effective date. Highlights of the Amendments. 1. Chapter 17 of the Listing Rules currently govern share option schemes … WebbFor the avoidance of doubt, no new Share will be granted under the Scheme. Listing Rules Implication The Scheme does not constitute a share option scheme pursuant to Chapter 17 of the Listing Rules and is a discretionary scheme of the Company. Pursuant to the Scheme, existing Shares will be purchased by the Trustee and held upon trust porsche tow hook thread