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.
FRONTIER SERVICES GROUP LIMITED
先 豐 服 務 集 團 有 限 公 司 *
(Incorporated in Bermuda with limited liability)
(Stock Code: 00500)
GRANT OF SHARE OPTIONS
This announcement is made pursuant to Rule 17.06A of the Rules (the "Listing Rules") Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Stock Exchange").
The board of directors ("Board") of Frontier Services Group Limited (the "Company") announces that the Company has granted share options (the "Share Options") to Dr. Hua Dongyi ("Dr. Hua"), an executive director and chief executive officer of the Company, to subscribe for a total of 23,448,186 ordinary shares of HK$0.10 each (the "Shares") of the Company. The Share Options were granted pursuant to the share options scheme adopted by the Company on 28 March 2012.
A summary of such grant is set out below:
Date of grant:
30 August 2019
Number of Shares in respect
23,448,186 Shares
of which Share Options
were granted:
Exercise price of Share
HK$0.80 per Share, which is not less than the highest of:
Options granted:
(a)
the closing price of HK$0.80 per Share as stated in the Stock
Exchange's daily quotations sheets on the date of grant;
(b)
the average closing price of HK$0.78 per Share as stated in the
Stock Exchange's daily quotations sheets for the five trading
days immediately preceding the date of grant; and
(c)
the nominal value of a Share of HK$0.10
Validity period of the
The Share Options shall be exercisable from 30 August 2020 to
Share Options:
29 August 2024
For identification purposes only
- 1 -
Pursuant to Rule 17.04(1) of the Listing Rules, the grant of the above Share Options has been approved by the independent non-executive directors of the Company. Dr. Hua, who is an executive director and the chief executive officer of the Company, had abstained from voting on the resolution relating to the Share Options granted to himself and had not been counted towards the quorum of the Board meeting in respect of such resolution.
By Order of the Board
FRONTIER SERVICES GROUP LIMITED
Chan Kam Kwan, Jason
Company Secretary
Hong Kong, 30 August 2019
As at the date of this announcement, the non-executive Director is Mr. Chang Zhenming (Chairman); the executive Directors are Mr. Erik D. Prince (Deputy Chairman), Mr. Ko Chun Shun, Johnson (Deputy Chairman), Mr. Luo Ning (Deputy Chairman), Dr. Hua Dongyi (Chief Executive Officer) and Mr. Hu Qinggang; and the independent non-executive Directors are Mr. Yap Fat Suan, Henry, Prof. Lee Hau Leung and Dr. Harold O. Demuren.
- 2 -
Attachments
Original document
Permalink
Disclaimer
Frontier Services Group Limited published this content on 30 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2019 10:30:01 UTC
Frontier Services Group Limited is a Hong Kong-based investment holding company principally engaged in aviation, logistics and information businesses. The Company operates through three segments. Aviation and Logistics segment is engaged in the provision of aviation and logistics services. Financial Market Information segment is engaged in the provision of online financial market information. Direct Investments segment is engaged in direct investments. The Company mainly operates businesses in Africa and Europe. The Company is also involved in the provision of marketing and business development services, as well as the provision of freight forwarding services.
FRONTIER SERVICES GROUP LIMITED 
