DONGJIANG ENVIRONMENTAL COMPANY 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.
DONGJIANG ENVIRONMENTAL COMPANY LIMITED*東江環保股份有限公司
(a joint stock limited company incorporated in the People's Republic of China)
(Stock Code: 00895) COMPLETION OF THE GRANT OF RESERVED RESTRICTED A SHARES UNDER THE RESTRICTED A SHARE INCENTIVE SCHEME
The Company is pleased to announce that the Grant under the Restricted A Share Incentive Scheme has been completed on 24 December 2014.
Reference is made to the announcements of Dongjiang Environmental Company Limited* (the "Company'') dated 26 September 2013, 20 November 2014 and 10 December 2014, and the circular of the Company dated 28 November 2013 (the "Circular") in relation to, among other things, the adoption of the Restricted A Share Incentive Scheme and the grant of the reserved Restricted A Shares thereunder. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.
On 13 January 2014, the Restricted A Share Incentive Scheme has been approved at the EGM, the A Shares Class Meeting and the H Shares Class Meeting, respectively, by way of special resolutions.
On 20 November 2014, the grant of a reserved portion of Restricted A Shares ("Reserved Restricted A Shares") under the Restricted A Share Incentive Scheme was considered and approved at the 13th meeting of the fifth session of the board (the "Board") of directors (the "Directors") of the Company. On 21 November 2014, an aggregate of 900,000 Reserved Restricted A Shares have been granted to 68 Share Incentive Participants.
2 Share Incentive Participants have later surrendered their subscription rights for all the Restricted Shares to be granted to them due to personal reasons, in this connection, the Company has adjusted the list of the Share Incentive Participants and the number of Reserved Restricted A Shares accordingly (the "Adjustment"). Subsequent to the Adjustment, the number of Share Incentive Participants is 66, and the number of Reserved Restricted A Shares is 880,000 shares.
On 24 December 2014, all the relevant procedures (including the capital verification of the fund for subscription) concerning the grant of 880,000 Reserved Restricted A Shares to the 66 Share Incentive Participants at the price of RMB16.39 per Share pursuant to the Restricted A Share Incentive Scheme (the "Grant") in accordance with the relevant requirements of the CSRC, the Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation Limited have been completed. The Restricted Shares granted under the Grant will be listed on the Shenzhen Stock Exchange on 29 December 2014 and the proceeds raised from the Grant will be applied for general working capital purposes.
1
Shenzhen, the PRC, 24 December 2014
By order of the Board
Chairman
As at the date of this announcement, the Board comprises three executive Directors, being Mr. Zhang Wei Yang, Mr. Chen Shu Sheng and Mr. Li Yong Peng; two non-executive Directors, being Mr. Feng Tao and Ms. Sun Ji Ping; and three independent non-executive Directors, being Mr. Wong Hin Wing, Mr. Qu Jiu Hui and Mr. Wang Ji De.
* For identification purpose only
2
|
distributed by
|
