BOSSINI INTERNATIONAL HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
BOSSINI INTERNATIONAL HOLDINGS LIMITED堡獅龍國際集團有限公司*
(Incorporated in Bermuda with limited liability)
(Stock Code: 592)
GRANT OF SHARE OPTIONS
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 "Stock Exchange") (the "Listing Rules").
The board (the "Board") of directors (the "Directors") of Bossini International Holdings Limited (the "Company", together with its subsidiaries, collectively the "Group") hereby announces that on 3 November 2014 (the "Date of Grant"), the Company granted 260,000 share options (the "Share Options") to an employee of the Group (the "Grantee") to subscribe for an aggregate of 260,000 shares of HK$0.10 each in the capital of the Company (the "Shares") under the share option scheme adopted by the Company on 12 November 2013, subject to acceptance of the Grantee. Details of the Share Options granted are as follows:
Grant
Date of grant: | 3 November 2014 |
Exercise price of Share Options granted: | HK$0.760 per Share |
Number of Share Options granted: | 260,000 |
Closing price of the Shares on the Date of Grant: | HK$0.760 per Share |
Validity period of the Share Options: | The Share Options shall be exercisable for a period from 1 November 2016 to 2 November 2024. |
Vesting/Performance conditions: | Vesting of the Share Options is conditional, subject to the individual performance of the Grantee and the achievement of 3-year corporate goals for the 3-year performance period ending 30 June 2016, including but not limited to the achievement of strategic goals, financial and operational performance targets. The Share Options or any portion thereof shall lapse if the relevant 3-year corporate goals cannot be achieved. |
*For identification purposes only
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None of the Grantee is a director, chief executive or substantial shareholder of the Company or any of their respective associates (as defined in the Listing Rules).
Each Share Option shall entitle the holder of the Share Options to subscribe for one Share upon exercise of such Share Option at an exercise price of HK$0.760 per Share, which represents the highest of (i) the closing price of HK$0.760 per Share as stated in the daily quotation sheets issued by the Stock Exchange on 3 November 2014, being the Date of Grant; (ii) the average closing price of HK$0.752 per Share as stated in the daily quotation sheets issued by the Stock Exchange for the five business days immediately preceding the Date of Grant; and (iii) the nominal value of the Share.
By offering performance-based Share Options, the Company intends to provide management staff and key employees with additional performance incentives, and encourage them to remain in the employment of the Group and devote their best efforts to the Group, thereby bringing enhanced performance and contributions to the interests of the Company and its shareholders.
Hong Kong, 3 November 2014
By Order of the Board
Company Secretary
As at the date of this announcement, the Board comprises three Executive Directors, namely Ms. TSIN Man Kuen Bess (Chairman), Mr. MAK Tak Cheong Edmund and Mr. CHAN Cheuk Him Paul and three Independent Non-executive Directors, namely Mr. LEE Man Chun Raymond, Ms.
LEUNG Mei Han and Prof. SIN Yat Ming.
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