Burwill Holdings Announces Grant of Share Options
OREANDA-NEWS. November 17, 2014. This announcement is made pursuant to rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”).
The board of directors of Burwill Holdings Limited (the “Company”) hereby announces that options (the “Options”) to subscribe for a total of 277,300,000 ordinary shares of HKD0.10 each (the “Share”) in the capital of the Company were granted, pursuant to the share option scheme (the “Scheme”) adopted by the Company on 8 June 2011, to certain eligible Participants (as defined in the Scheme) (the “Grantees”).
The Options were granted, subject to acceptance by the Grantees, with details as follows:
Exercise price of Options granted : HKD0.3 per Share
Number of Options granted : 277,300,000
Closing price of the Share : HKD0.3 per Share on the date of grant
Validity period of the Options : from date of grant to 30 November 2016
Out of the above 277,300,000 Options, 115,000,000
Options were granted to the Directors of the Company, details of which are set out below:
Name of Director Position Number of Options granted CHAN Shing Chairman and Managing
Director 4,500,000
SIT Hoi Tung Director and Deputy General Manager 22,000,000
LAU Ting Director 4,500,000
TUNG Pui Shan, Virginia Director 22,000,000
KWOK Wai Lam Director 22,000,000
SHAM Kai Man Director 22,000,000
CUI Shu Ming Director 4,500,000
HUANG Shenglan Director 4,500,000
CHAN Ming Fai Director 4,500,000
CHIANG Bun Director 4,500,000
In accordance with rule 17.04(1) of the Listing Rules, the grant of Options to each of the above Directors had been approved by the Independent Non-Executive Directors respectively (excluding the Independent Non-Executive Director who is the Grantee of the Options). Mr. CHAN Shing and Ms. LAU Ting are the substantial shareholders of the Company. Save as disclosed above, none of other Grantees is a Director, chief executive or substantial shareholder of the Company or any of their respective associates (as defined under the Listing Rules).
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