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.
A8 New Media Group Limited
A8 新媒體集團有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 800)
GRANT OF SHARE OPTION
This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Stock Exchange") ("Listing
Rules").
The board ("Board") of directors ("Directors") of A8 New Media Group Limited ("Company") hereby announces that the Board has approved the remuneration structure adjustment proposal of Mr. Liu Xiaosong ("Mr. Liu"), the chairman of the Board, an executive Director and the controlling shareholder of the Company, according to which since 2015 Mr. Liu's proportion of cash remuneration will decline sharply and the proportion of non-cash remuneration will increase accordingly.
On 9 September 2020, the Company has granted to Mr. Liu, subject to acceptance by Mr. Liu, a share option ("Option") to subscribe for an aggregate of 19,982,000 ordinary shares of HK$0.01 each in the share capital of the Company ("Shares") (upon exercise in full and subject to adjustment in accordance with the share option scheme adopted by the Company on 25 May 2018 ("Share Option Scheme")) under the Share Option Scheme. Details of the Option are set out below:
Date of grant | : | 9 September 2020 ("Date of Grant") | |
Exercise price of Option | : | HK$ 0.167 per Share ("Exercise Price") | |
granted | The Exercise Price represents the highest of: | ||
(i) | the closing price of HK$0.166 per Share as stated in | ||
the daily quotations sheet issued by the Stock Exchange | |||
on 9 September 2020, being the Date of Grant; | |||
(ii) | the average closing price of HK$0.167 per Share as | ||
stated in the daily quotations sheet issued by the Stock | |||
Exchange for the five business days immediately |
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A8 New Media Group Ltd. published this content on 09 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2020 09:39:07 UTC