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PROPOSED ADOPTION OF SHARE APPRECIATION RIGHTS SCHEME.pdf

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Preview of PROPOSED ADOPTION OF SHARE APPRECIATION RIGHTS SCHEME
🔗 Source: doc.irasia.com
📊 Size: 256 KB
👤 Author: 夏光豪(Casper)/IT及账务中心(IT
⬇️ Downloads: 55

Summary

China Telecom Corporation Limited proposes to adopt a Share Appreciation Rights Scheme for key personnel, subject to approval by the State-owned Assets Supervision and Administration Commission and shareholders at an extraordinary general meeting. The scheme aims to establish a performance-oriented culture, improve corporate governance, and motivate key personnel to enhance their performance. The scheme's major terms include an effective period of 10 years, a lock-up period of 24 months, and a vesting period of 36 months, with the exercise price being the highest of the closing price, average closing price, or nominal value of the company's H shares. The scheme does not involve granting options over new shares and is not subject to the requirements under Chapter 17 of the Listing Rules.

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China Telecom Corporation Limited proposes to adopt a Share Appreciation Rights Scheme for key personnel, subject to approval by the State-owned Assets...

Technical Information

  • File Format: PDF
  • File Size: 256 KB
  • Pages: 5
  • Language: EN
  • Author: 夏光豪(Casper)/IT及账务中心(IT
  • Total Downloads: 55
  • Last Updated: 1 month ago

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