Asian Citrus Holdings Ltd Grant of Share Options (9032N)
May 21 2015 - 6:08AM
UK Regulatory
TIDMACHL
RNS Number : 9032N
Asian Citrus Holdings Ltd
21 May 2015
For immediate release 21 May 2015
Asian Citrus HoldingsLimited
("Asian Citrus" or the "Company")
GRANT OF share OPTIONS
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 (the "Stock Exchange" and the "Listing Rules",
respectively).
Asian Citrus announces that on 21 May 2015 (the "Date of
Grant"), share options (the "Options") over 27,000,000 new ordinary
shares of HK$0.01 each in the share capital of the Company (the
"Shares") were granted to staff and certain executive directors
(the "Grantees") under the share option scheme adopted by the
Company on 2 November 2009. Of the Options granted, 4,000,000 have
been granted to certain executive directors.
The Options have an exercise price of HK$1.47 per Share, being
the highest of (i) the closing price of HK$1.47 per Share as quoted
in the Stock Exchange's daily quotation sheet on the Date of Grant;
(ii) the average closing price of HK$1.298 per Share as quoted in
the Stock Exchange's daily quotation sheets for the five business
days immediately preceding the Date of Grant; and (iii) the nominal
value of HK$0.01 per Share. The Options will be valid from 21 May
2015 to 20 May 2019 and can be exercised in full or in part by each
Grantee from time to time during the period commencing from the
first anniversary of the Date of Grant until 20 May 2019.
There is no consideration payable in respect of the grant of the
Options.
Details of the Options granted to executive directors are set
out below:
Number of
existing Number of
Options existing
held by Shares held
Number of the Director by the Director
Options before grant before grant
Executive Directors granted of Options of Options
--------------------------------------- ---------- -------------- -----------------
Mr. Ng Ong Nee 1,600,000 - -
(Chief Executive Officer)
--------------------------------------- ---------- -------------- -----------------
Mr. Tong Hung Wai, Tommy
(Vice Chairman) 800,000 1,350,000 -
--------------------------------------- ---------- -------------- -----------------
Mr. Cheung Wai Sun 800,000 1,110,000 -
--------------------------------------- ---------- -------------- -----------------
Mr. Ng Cheuk Lun 800,000 - -
(Chief Financial Officer and Company
Secretary)
--------------------------------------- ---------- -------------- -----------------
In accordance with Rule 17.04(1) of the Listing Rules, the grant
of Options to each of the above Directors had been approved by the
independent non-executive Directors. Saved as disclosed above, none
of the Grantees is a director, chief executive or substantial
shareholder (as defined under the Listing Rules) of the Company or
any of their respective associates (as defined under the Listing
Rules) as at the date of this announcement.
For further enquiries please contact:
Asian Citrus +852 2559 0323
Mark Ng, Executive Director and Chief Financial Officer
Cantor Fitzgerald Europe (NOMAD and Broker) +44 (0) 20 7894 7000
Rick Thompson/David Foreman (Corporate Finance)
Richard Redmayne(Corporate Broking)
Weber Shandwick Financial +44 (0) 20 7067 0700 Nick Oborne,
Stephanie Badjonat, Tom Jenkins
This information is provided by RNS
The company news service from the London Stock Exchange
END
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