TRITECH GROUP LIMITED | ||
TriTech | ||
31 Changi South Avenue 2 Tritech Building Singapore 486478 | ||
(Company Registration No.: 200809330R) | ||
GRANT OF SHARE AWARDS UNDER THE TRITECH GROUP PERFORMANCE SHARE PLAN 2021 ("TRITECH PSP 2021")
In accordance with Catalist Rule 704(32) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist, the Board of Directors ("Directors") of Tritech Group Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce the following grant of share awards ("Awards") under Tritech PSP 2021, adopted by the Company at the extraordinary general meeting held on 29 July 2021.
Date of grant of Awards | 8 October 2021 | |||
Number of Awards granted | 30,000,000 | |||
Market price (last dealt price) | S$0.017 per ordinary share | |||
of shares on the date of grant | ||||
Number of Shares granted to | 20,000,000 Awards were granted to the following Directors:- | |||
director(s) and/or controlling | Directors | Awards | ||
shareholders (and each of | ||||
their associates), if any | Professor Yong Kwet Yew | |||
(Non-Executive Chairman and | ||||
Independent Director) | 10,000,000 | |||
Aw Eng Hai | ||||
(Independent Director) | 10,000,000 | |||
Total | 20,000,000 | |||
The remaining 10,000,000 shares were awarded to selected | ||||
employees of the Group who are not Directors, under Tritech PSP | ||||
2021 (the "Eligible Employees"). | ||||
Vesting period | The Awards granted to the above Directors and Eligible | |||
Employees will vest on 11 October 2021, in recognition of their | ||||
satisfaction of the performance criteria and relevant service | ||||
conditions determined by the Remuneration Committee. | ||||
BY ORDER OF THE BOARD | ||||
Dr Wang Xiaoning | ||||
Managing Director | ||||
8 October 2021 |
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Ms Lim Hui Ling, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.
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