15.1.2010 - Geely Automobile to implement option incentive upfront 40 million line of the right
| Geely Automobile January 14 revealed that due to the Group's employees under the Share Option Scheme to exercise the options, the company will issue 40 million ordinary shares, accounting for the pre-release 0.01% of the total share capital, share issue price of 0.92 Hong Kong dollars, compared with January 13 Geely Automobile on the closing price of 4.06 Hong Kong dollars a discount of 77.34%.
According to report, this may be a huge stake in Geely Automobile incentive plan introduced after the first line of the right pen, and the line was only a right of employees, not exe.tives.
In July 2007, Geely Automobile has released the "Update Share Option Scheme Scheme Mandate Limit and share options granted," the announcement, the company will issue 2.8002 billion shares of 139 stock options Geely Automobile, which was followed by a larger benefit from the less-lun Hung , Gui Yue-sheng, Xu Gang, YANG Jian, Liu Jinliang, Zhao Jie, Yin Daqing, Zhao Fu-Quan, Song-lin, Li Zoran, Yang Shouxiong such a public exe.tives. This program July 31 that year by shareholders of the General Assembly.
The reporter noticed in charge of international business, exe.tive director of capital markets is expected to be two-lun Hung little pen stock options, of which 0.95 million dollar line of the right to subscribe for 3500 deadline is February 22, 2009, 0.7 million dollar line subscription 1000 Right deadline is August 4, 2010, deadline for the right of the other lines are in August 4, 2010 or after.
April 22, 2009, Geely Automobile's announcement that, since May 22, 2008 Updated on a plan to authorize the ceiling until the last practicable date, the Company granted to eligible participants in a 200.4 million share options, all outstanding been exercised, of which a sum of 3,500 million shares of the share options had failed. Clearly, this failure is the share options are fewer exe.tive director of Hung-lun's.
Hung Shao-Lun Why choose to abandon its right? A moment's inspection, in April 2008 to April 2009 20, the right line during the year, Geely Auto's share price up to 1.05 Hong Kong dollars, a minimum of 0.53 Hong Kong dollars, while the exercise price of 0.95 Hong Kong dollars, and there is no advantage Therefore, a small-lun Hung is not diffi.lt to understand to make the final decision to give up. However, to less-lun Hung did not expect is that the final journey Geely equity line, January 13, 2010 closing price of 4.06 Hong Kong dollars, as prices alone, Hung Shao-lun to miss more than 100 million Hong Kong dollars.
However, Hung Shao-lun to 0.7 Hong Kong dollars and once the opportunity to subscribe for 1000 shares, if the deadline to choose the right line, the same according to the January 13 closing price, its revenue will reach 33 million U.S. dollar.
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