Summary by Moomoo AI
PLATINUM PHARMACEUTICAL-B ANNOUNCED ON 3 APRIL 2024 THAT IT HAS GRANTED A TOTAL OF 8,308,000 SHARE OPTIONS TO 16 ELIGIBLE PARTICIPANTS (INCLUDING 14 UNRELATED EMPLOYEES AND 2 DIRECTORS) TO 16 ELIGIBLE PARTICIPANTS (INCLUDING 14 UNRELATED EMPLOYEES AND 2 DIRECTORS) UNDER THE SHARE OPTION PLAN AND SHARE AWARD SCHEME ADOPTED BY SHAREHOLDERS ON 23 NOVEMBER 2020 AND GRANTED 3,105,000 SHARES TO 14 NON-RELATED EMPLOYEES Portion of rewards. The exercise price of the share option is HK$1.36 per share and is subject to a performance review mechanism. 50% of the share option and bonus will be vested on 3 April 2024 and the remaining 50% will be vested on 3 April 2025. This initiative is designed to encourage participants to enhance the value of the company and its shares and to align with the overall interests of the company and its shareholders. The warrants and rewards granted are not subject to shareholder approval and will not result in more than 1% of the issued shares. The plan complies with the transitional arrangement of Chapter 17 of the Listing Rules updated on January 1, 2023.