Summary by Moomoo AI
AND PLATINUM PHARMACEUTICAL-B ANNOUNCED ON 12 JANUARY 2024 THAT IT HAS GRANTED A TOTAL OF 1,297,000 SHARE OPTIONS AND 501,000 SHARE AWARDS TO 2 UNRELATED EMPLOYEES PURSUANT TO THE SHARE OPTION PLAN AND SHARE AWARD SCHEME APPROVED BY SHAREHOLDERS ON 23 NOVEMBER 2020. The share option has an exercise price of HK$1.73 per share for a period of 10 years and the purchase price of the share bonus is zero. The vesting periods for share rights and share awards vary from 2025 to 2028, respectively, and are not accompanied by performance targets. The award is intended to encourage employees to enhance the value of the company and its shares and to align with the interests of the Group. The grant will not make the warrants and rewards granted within 12 months exceed 1% of the issued shares. AND PLATINUM PHARMACEUTICAL-B STATED THAT THIS MOVE COMPLIES WITH THE TRANSITIONAL ARRANGEMENT OF THE RENEWED CHAPTER 17 OF THE LISTING RULES.