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MEDIALINK GROUP LIMITED
羚 邦 集 團 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2230)
VOLUNTARY ANNOUNCEMENT
GRANT OF SHARE AWARDS AND SHARE PURCHASE PURSUANT TO
SHARE AWARD SCHEME
Reference is made to the announcement of Medialink Group Limited (the "Company") dated 6 February 2020 in relation to the adoption of the Share Award Scheme (the "Announcement"). Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings ascribed to them in the Announcement. The Share Award Scheme does not constitute a share option scheme pursuant to Chapter 17 of the Listing Rules.
GRANT OF SHARE AWARDS PURSUANT TO SHARE AWARD SCHEME
On 31 March 2021, the Board resolved to grant a total of 1,750,000 award shares (the "Award Shares") to 31 Eligible Persons, who are employees of the Company. None of them is a director, chief executive or substantial shareholder of the Company, nor an associate (as defined under the Listing Rules) of any of them, nor a Connected Person of the Company as at the date of this announcement. Such Award Shares are vested to the 31 Eligible Persons on 31 March 2021. There is no specific condition or lock up restriction attached to the Award Shares.
The Award Shares granted represent approximately 0.0879% of the Company's total number of issued Shares as at the date of this announcement. The closing price of the shares of the Company on the date of grant of the Award Shares was HK$0.166 per Share. All of the Award Shares were granted by way of acquisition of existing Shares through on-market transactions by the Trustee. The grant of the Award Shares will not result in any issue of new Shares or any dilution effect on the shareholdings of existing shareholders of the Company.
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SHARE PURCHASE PURSUANT TO SHARE AWARD SCHEME
During the period from 2 March 2021 to 31 March 2021, the Trustee purchased an aggregate of 1,500,000 Shares (the "Shares Purchased") on the market for the purpose of the Share Award Scheme and the grant of the Award Shares. Details of the Shares Purchased and the latest information about the Shares held by the Trustee are as follows:
Trade dates: | 2 March 2021 to |
31 March 2021 | |
Settlement dates: | 4 March 2021 to |
7 April 2021 | |
Total number of Shares Purchased: | 1,500,000 Shares |
Percentage of the Shares Purchased to the total number | Approximately 0.0753% |
of issued Shares of the Company as at the date of this | |
announcement: | |
Average consideration per Share (excluding all related | Approximately HK$0.1626 |
expenses, transaction levy, brokerage, tax, duties and | |
levies): | |
Total consideration of Shares Purchased (excluding all | Approximately |
related expenses, transaction levy, brokerage, tax, | HK$243,968.50 |
duties and levies): | |
Balance of number of Shares held by the Trustee | 61,610,000 Shares |
immediately after the purchase and vesting on 31 | |
March 2021: | |
The remaining 61,610,000 Shares held by the Trustee shall be regarded as being held by the public under the Listing Rules.
By order of the Board
MEDIALINK GROUP LIMITED
Ma Ching Fung
Company Secretary
Hong Kong, 31 March 2021
As at the date of this announcement, the executive directors of the Company are Ms. Chiu Siu Yin Lovinia, Ms. Chiu Siu Fung Noletta and Mr. Ma Ching Fung; the non-executive director of the Company is Ms. Wong Hang Yee, JP; and the independent non-executive directors of the Company are Mr. Fung Ying Wai Wilson, Ms. Leung Chan Che Ming Miranda and Mr. Wong Kam Pui, BBS, JP.
Note: If there is any inconsistency between the English and Chinese versions of this document, the English version shall prevail.
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