By 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 the Cayman Islands with limited liability)
(Stock Code: 1260)
GRANT OF SHARE OPTIONS
This announcement is made pursuant to Rule 17.06A of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
The board (the "Board") of directors (the "Directors") of Wonderful Sky Financial Group Holdings Limited (the "Company") announces that on 28 January 2014, 29,680,000 share options (the "Options") to 50 individuals ("Grantees") to subscribe for ordinary shares of HK$0.01 each of the Company (the "Shares") were granted, subject to acceptance of the grantees, under the share option scheme of the Company adopted on 7 March 2012.
- 1 -
The following are the details of the Options granted:
Date of grant: 28 January 2014
Exercise price of
Options granted:
Each Option shall entitle the holder of the Option to subscribe for one Share upon exercise of such Option at an exercise price of HK$1.174 per Share, which is the highest of:
(a) the closing price of HK$1.12 per Share as stated in the Stock Exchange's daily quotations sheets on the date of grant; (b) the average closing price of HK$1.174 per Share as stated in the Stock Exchange's daily quotations sheets for the five trading days immediately preceding the date of grant; and (c) the nominal value of a Share of HK$0.01
Number of Options granted: 29,680,000 Options
Closing price of the Shares
on the date of grant:
HK$1.12 per Share
Validity period
of the Options:
28 January 2014 to 27 July 2020
Vesting period: 16 out of 50 of the Grantees (including Grantee who is Director) are granted totaling 20,800,000 Options which shall have a vesting period as follows:
(i) a maximum of 20% of the Options shall be exercisable at any time over the period from 28 July 2015 to 27
July 2020;
(ii) a maximum of 20% of the Options shall be exercisable at any time over the period from 28 July 2016 to 27
July 2020;
- 2 -
(iii) a maximum of 20% of the Options shall be exercisable at any time over the period from 28 July 2017 to 27
July 2020; and
(iv) a maximum of 40% of the Options shall be exercisable at any time over the period from 28 July 2018 to 27
July 2020.
The remaining 34 Grantees are granted totaling 8,880,000
Options which shall have a vesting period as follows:
(i) a maximum of 30% the Options shall be exercisable at any time over the period from 28 July 2015 to 27 July
2020; and
(ii) a maximum of 70% of the Options shall be exercisable at any time over the period from 28 July 2016 to 27
July 2020.
The Options should be cancelled upon termination of the contract of employment between the Grantee and the Company and its subsidiaries in any case. Among the Options granted,
5,000,000 Options were granted to the Director. Details of the Options granted to the
Director are as follows:
Xie Wen Zhao Chief Executive Officer
and Executive Director
5,000,000
- 3 -
The grant of Options to the above Director has been approved by the independent non- executive Directors. Save as disclosed in this announcement, none of Grantees of the Options is a Director, chief executive or substantial shareholder (as defined in the Listing Rules) of the Company, or an associate (as defined in the Listing Rules) of any of them.
By order of the Board
Chief Executive Officer and Executive Director
Hong Kong, 28 January 2014
As at the date of this announcement, the executive directors of the Company are Mr. Liu Tianni and Mr. Xie Wen Zhao; the non-executive director of the Company is Ms. Sun Bin; and the independent non-executive directors of the Company are Mr. Lam Ting Lok, Ms. Li Ling Xiu and Ms. Lam Ling.
The English text of this announcement shall prevail over its Chinese text in case of inconsistency.
- 4 -
|
distributed by
|
