Stella International : Cancellation of Grant of Share Options and Re-Grant of Share Options

About this update from Stella International 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. Stella International Holdings Limited 九興控股有限公司* (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1836) CANCELLATION OF GRANT OF SHARE OPTIONS AND RE-GRANT OF SHARE OPTIONS CANCELLATION OF GRANT OF SHARE OPTIONS Reference is made to the announcement (the "Announcement") of Stella International Holdings Limited (the "Company") dated 18 March 2021 in relation to the purported grant of share options (the "Purported Options") to certain grantees to subscribe for a total of 19,695,000 ordinary shares of HK$0.10 each of the Company under the share option scheme of the Company adopted on 19 May 2017 (the "Share Option Scheme"). Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcement. Pursuant to Rule 17.05 of the Listing Rules and the rules of the Share Option Scheme, the Company may not grant any option during the period commencing one month immediately before the earlier of (1) the date of the board meeting (as such date is first notified to the Stock Exchange under the Listing Rules) for approving the issuer's results for any year, half-year, quarterly or any other interim period (whether or not required under the Listing Rules); and (2) the deadline for the issuer to announce its results for any year or half-year under the Listing Rules or quarterly or any other interim period (whether or not required under the Listing Rules), and ending on the date of the results announcement. *For identification purpose only 1 In light of the above, the Purported Options had not been validly granted by the Company. As the Purported Options have not been accepted by the respective Grantees and have not been materialised, the Board has resolved to cancel the Purported Options accordingly. RE-GRANT OF SHARE OPTIONS The Board further announces that on 19 March 2021, the Company re-granted a total of 19,695,000 share options ("Re-granted Share Options") to the Grantees, subject to their acceptance, under the Share Option Scheme. ...

View stock analysis, news, and events for Stella International Holdings Limited