AZTECH GLOBAL LTD.
(Company Registration No.: 200909384G)
(Incorporated in the Republic of Singapore on 27 May 2009)
Grant of Options pursuant to the Aztech Employee Share Option Scheme
In accordance with Rule 704(29) of the Listing Manual of Singapore Exchange Securities Trading Limited, the Board of Directors of Aztech Global Ltd. (the "Company") hereby announces the details of the grant of employees' share options under the Aztech Employee Share Option Scheme as follows:
1. | Date of Grant | 13 December 2021 | |||
2. | Exercise price* of options granted | $0.934 | |||
3. | Number of options or shares granted | 2,110,000 | |||
4. | Market price of the Company's securities on the | $0.930 | |||
Date of Grant | |||||
5. | Number of options or shares granted to each | Nil | |||
director and controlling shareholder (and each of | |||||
their associates), if any | |||||
6. | Exercise period | (i) Fifty percent (50%) of the options | |||
are exercisable after the first | |||||
anniversary of the Date of Grant; and | |||||
(ii) the balance of the options are | |||||
exercisable | after | the | second | ||
anniversary of the Date of Grant | |||||
7. | Validity period | 10 years from the Date of Grant | |||
- The exercise price of the options granted is equal to the average of the last dealt prices for a share of the Company, as determined by reference to the daily Official List published by the SGX-ST for a period of five (5) consecutive market days immediately prior to the relevant Date of Grant.
BY ORDER OF THE BOARD
AZTECH GLOBAL LTD.
Pavani Nagarajah
Company Secretary
13 December 2021
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Aztech Global Ltd. published this content on 13 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2021 10:15:03 UTC.