Summary by Moomoo AI
Bank of East Asia announced on 11 April 2024 that under the Employee Share Option Scheme adopted on 6 May 2021, it has granted a total of 13,878,956 Ordinary Shares to Eligible Persons, including Executive Directors and other employees. The exercise price of each authorized share is HK$9.33, the same as the closing price of the shares on the day. The warrants will be allocated and exercised in three phases, ranging from 2025 to 2032 respectively, and subject to the achievement of performance indicators and risk adjustment indicators. The Executive Chairman, Mr. Li Guopao, Mr. Lee Minqiao, the Joint Chief Executive Officer, and Mr. Lee Minbin, were each granted different amounts of preferred shares. Following this authorization, the balance of the number of shares available for future issuance under the Plan Mandate is 104,226,965 shares.