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.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1982)
GRANT OF SHARE OPTIONS
The board (the ''Board'') of directors (the ''Directors'') of Nameson Holdings Limited (the ''Company'') announces that on 20 April 2018, the Company has offered to grant a total of 1,500,000 share options to Mr. Ip Shu Kwan, Stephen, an independent non-executive Director, under the share option scheme adopted by the Company on 29 January 2016.
This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the ''Listing Rules'') on The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'').
The Board announces that on 20 April 2018, the Company has offered to grant a total of 1,500,000 share options (the ''Grant'') to Mr. Ip Shu Kwan, Stephen, an independent non-executive Director (the ''Grantee''), under the share option scheme adopted by the Company on 29 January 2016 (the ''Share Option Scheme''), subject to acceptance of the Grantee, to subscribe for 1,500,000 ordinary shares of HK$0.01 each (the ''Shares'') in the capital of the Company, representing approximately 0.07% of the issued share capital of the Company.
Details of the Grant are as follows:
Date of Grant:
20 April 2018
Exercise price of share options granted:Number of share options granted:
HK$1.70 per Share, which represents the highest of:
(i) the closing price of HK$1.67 per Share as stated in the daily quotations sheet issued by the Stock Exchange on the date of Grant, i.e. 20 April 2018;
(ii) the average closing price of HK$1.70 per Share as stated in the daily quotations sheet issued by the Stock Exchange for five trading days immediately preceding the date of Grant, i.e. 20 April 2018; and
(iii) the nominal value of a Share of HK$0.01 each.
1,500,000 share options (each share option shall entitle the holder to subscribe for one Share)
Validity period of the share options granted:
10 years from the date of Grant, i.e. up to 19 April 2028
Exercise periods of the share options granted:
The share options may be exercised, in whole or in part and, other than where it is exercised to the full extent outstanding, shall be exercised in integral multiples of such number of Shares as shall represent one board lot for dealing in the Shares on the Stock Exchange in accordance with the Share Option Scheme. The share options shall be vested and exercisable in three equal tranches and subject to the following exercise periods:
(i) one-third of the share options (rounded to the nearest number of share options which represents an integral multiple of one board lot) shall be vested and exercisable from the first anniversary of the date of Grant;
(ii)one-third of the share options (rounded to the nearest number of share options which represents an integral multiple of one board lot) shall be vested and exercisable from the second anniversary of the date of Grant; and
(iii) the remaining share options shall be vested and exercisable from the third anniversary of the date of Grant.
The Grant has been reviewed and approved by the Remuneration Committee and the Board (including all independent non-executive Directors, but excluding the independent non-executive Director who is the Grantee and has abstained from voting on the relevant resolution in respect of the Grant) in accordance with Rule 17.04(1) of the Listing Rules.
By order of the Board of
Nameson Holdings Limited Mr. Wong Ting Chung BBS, JP
Chairman
20 April 2018
As at the date of this announcement, the Board comprises Mr. Wong Ting Chung BBS, JP (Chairman and chief executive officer), Mr. Wong Wai Yue (Vice Chairman), Mr. Wong Wai Wing, Raymond, Mr. Wong Ting Chun, Mr. Li Po Sing and Ms. Chan Mei Hing, Aurora, as executive Directors; Mr. Tam Wai Hung, David and Mr. Wong Ting Kau, as non-executive Directors; Ms. Fan Chiu Fun, Fanny GBM, GBS, JP, Mr. Kan Chung Nin, Tony SBS, JP, Mr. Ong Chor Wei, Mr. Fan Chun Wah, Andrew JP, Ms. Lee Bik Kee, Betty and Mr. Ip Shu Kwan, Stephen GBS, JP, as independent non-executive Directors.