Zhuang Huang Group Co., Ltd. (08501) issued an announcement regarding the dispatch of representatives to various grantees as of March 6, 2024...
According to the Zhitong Finance App, Zhuang Huang Group Co., Ltd. (08501) issued an announcement. As of March 6, 2024, the administrative procedure for distributing shares representing reward shares to each grantor has been completed. Therefore, the transfer of reward shares from the trustee to each grantor has been completed. The market price of shares at the time of the transfer of bonus shares is HK$0.425 per share.
Whereas, at the date of this announcement, (i) the trustee did not hold any shares in the relevant share award scheme, and the trust had no remaining funds (after all costs and expenses incurred were duly deducted in accordance with the trust deeds), (ii) the transfer of award shares to the relevant grantees under the share award scheme has been completed under the share award scheme in the foreseeable future, and (iii) the company does not expect to grant award shares under the share award scheme in the foreseeable future. The board of directors has decided to terminate the share award program with effect from March 6, 2024.