MAN WAH 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.
MANWAH MAN WAH HOLDINGS LIMITED(Incorporated in Bermuda with limited liability) (Stock Code: 01999)
ADJUSTMENTS TO THE OUTSTANDING SHARE OPTIONS
Reference is made to the announcements of the Company dated 28 November 2014 and 1
December 2014 (the "Announcements") and the circular of the Company dated 9 December 2014 (the "Circular"). Unless otherwise defined, terms used herein shall have the same meanings as those set out in the Circular.
The Board is pleased to announce that the Bonus Issue was completed on 14 January 2015 and
983,184,200 Bonus Shares were issued under the Bonus Issue on the basis of one (1) Bonus Share for every one (1) existing Share held on the Record Date, that is 7 January 2015.
Pursuant to the terms of the Share Option Scheme, adjustments are required to be made to the exercise price of and the number of Shares entitled to be subscribed for under the outstanding Share Options as a result of the completion of the Bonus Issue.
In accordance with the terms of the Share Option Scheme and the appendix of supplementary guidance attached to the letter from the Stock Exchange on 5 September 2005 regarding adjustment of share options under Rule 17.03(13) of the Listing Rules, the exercise price of and the number of Shares entitled to be subscribed for under the outstanding Share Options will be adjusted in the following manner with effect from 14 January 2015 and such adjustments have been reviewed and confirmed by the Company's auditor, Deloitte Touche Tohmatsu.
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Date of grant | Exercisable period | Exercise price per outstanding Share Option | Shares to be issued upon exercise of the Share Option | exercise price per outstanding Share Option | Shares to be issued upon exercise of the Share Option |
18 October 2010 | 18 April 2012 to 17 October 2020 | HK$10.18 | 2,100,000 | HK$5.09 | 4,200,000 |
18 October 2010 | 18 October 2015 to 17 October 2020 | HK$10.18 | 2,000,000 | HK$5.09 | 4,000,000 |
6 July 2011 | 6 July 2014 to 5 July 2016 | HK$8.55 | 640,000 | HK$4.28 | 1,280,000 |
8 February 2012 | 8 February 2015 to 7 February 2017 | HK$4.72 | 1,221,200 | HK$2.36 | 2,442,400 |
8 February 2012 | 8 February 2016 to 7 February 2018 | HK$4.72 | 1,221,200 | HK$2.36 | 2,442,400 |
8 February 2012 | 8 February 2017 to 7 February 2019 | HK$4.72 | 1,185,200 | HK$2.36 | 2,370,400 |
1 February 2013 | 1 February 2015 to 31 January 2017 | HK$7.17 | 4,446,800 | HK$3.59 | 8,893,600 |
1 February 2013 | 1 February 2016 to 31 January 2018 | HK$7.17 | 4,354,800 | HK$3.59 | 8,709,600 |
1 February 2013 | 1 February 2017 to 31 January 2019 | HK$7.17 | 4,354,400 | HK$3.59 | 8,708,800 |
31 May 2013 | 31 May 2015 to 3 March 2020 | HK$8.16 | 8,506,400 | HK$4.08 | 17,012,800 |
22 January 2014 | 22 January 2016 to | HK$14.56 | 3,465,600 | HK$7.28 | 6,931,200 |
21 January 2018 | |||||
22 January 2014 | 22 January 2017 to | HK$14.56 | 3,512,800 | HK$7.28 | 7,025,600 |
21 January 2019 | |||||
21 May 2014 | 21 May 2016 to 20 May 2018 | HK$11.88 | 950,000 | HK$5.94 | 1,900,000 |
21 May 2014 | 21 May 2016 to 3 March 2020 | HK$11.88 | 2,128,400 | HK$5.94 | 4,256,800 |
40,086,800 80,173,600
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By the order of the Board
Chairman
Hong Kong, 14 January 2015
As at the date of this announcement, the executive Directors are Mr. Wong Man Li, Ms. Hui Wai Hing, Mr. Stephen Allen Barr, Mr. Wang Guisheng, Mr. Alan Marnie and Mr. Dai Quanfa; the non-executive Director is Mr. Xie Fang, and the independent non-executive Directors are Mr. Chau Shing Yim, David, Mr. Lee Teck Leng, Robson, Mr. Ong Chor Wei and Mr. Kan Chung Nin, Tony.
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