【Caihua News】Guomao Holdings (08428.HK) announced that on 10 January 2022, under the share option scheme adopted by the Company on 20 January 2017, the board meeting decided to grant a total of 11.628,000 share options to three executive directors to subscribe for a total of 11.16.28,000 per share value of HK$0.1 each in the Company's share capital Ordinary shares are subject to acceptance by the Grantees and the payment of HK$1.00 respectively by the Grantees.
The exercise price of HK$0.229 each subscribed for one share is valid for 10 years from the date of grant, i.e. 10 January 2022 to 9 January 2032 (both dates inclusive).
As at the date of grant, 388,799,995 shares were issued in the Company. A total of 11.628 million shares to be allotted and issued after the full exercise of the share options is equivalent to approximately 2.99% of the existing issued share capital of the Company and approximately 2.90% of the expanded issued share capital of the Company on the grant date (assuming full exercise of the share options).
The grant of share options is intended to retain the assignee, reward and reward the performance of the assignee in the Company, thereby enhancing the value of the Company and the Shares, align the Group with the respective interests of the assignee and create a joint interest in the Company's performance.