Summary by Moomoo AI
Petrochemical Group Limited granted 300,000 shares of restricted shares to an employee of a non-director, chief executive officer or principal shareholder on 22 April 2024 pursuant to the Restricted Share Award Scheme adopted on 20 August 2018. The bonus share is zero cost and is expected to belong to the employee on April 22, 2027, in order to acknowledge their contribution to the Group and to motivate its future endeavors. The bonus shares granted shall not make the shares issued in the past 12 months exceed 1% of the issued shares. Currently, these bonus shares are held by Bank of China International UK Prudential Trust Limited and will be transferred to employees upon compliance. In addition, the Scheme still has 117,038,368 share bonus shares available for future issuance and will comply with the transitional arrangements set out in Chapter 17 of the Listing Rules.