HONG LEONG FINANCE LIMITED (Co. Reg. No. 196100003D)
Grant of Options Pursuant to the Hong Leong Finance Share Option Scheme 2001
In accordance with Rule 704(29) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Hong Leong Finance Limited (the "Company") wishes to announce the following details on the grant of share options:
(a) | Date of grant | 22 September 2021 (Wednesday) |
(b) | Exercise price of options granted | $2.38* |
(c) | Number of options granted | 1,835,500 options |
(d) | Market price (last dealt price) of | $2.37 |
shares on the date of grant | ||
(e) | Number of options granted to each | 90,000 options granted to Mr Kwek Leng Beng |
director and controlling shareholder | (Managing Director of the Company) | |
(and each of their associates), if any | ||
(f) | Validity period of the options | 10 years from the date of grant |
(g) | Vesting period | The options granted to certain participants of |
executive rank (including those granted to an | ||
Executive Director of the Company) since the | ||
commencement of the Hong Leong Finance | ||
Share Option Scheme 2001 are subject to a | ||
vesting schedule as follows: | ||
(1) one year after the date of grant for up to | ||
33% of the shares over which the options | ||
are exercisable; | ||
(2) two years after the date of grant for up to | ||
66% (including (1) above) of the shares | ||
over which the options are exercisable; and | ||
(3) three years to whom options have been | ||
granted for up to 100% (including (1) and | ||
(2) above) of the shares over which the | ||
options in any share issue of any other | ||
company. | ||
…2/- |
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HONG LEONG FINANCE LIMITED (Co. Reg. No. 196100003D)
Grant of Options Pursuant to the Hong Leong Finance Share Option Scheme 2001 (cont'd)
- The exercise price is equal to the average of the last dealt share prices for the Company's shares, as determined by reference to the daily official list made available by the Singapore Exchange Securities Trading Limited, for the 3 consecutive trading days immediately preceding the date of the grant, rounded up to the nearest whole cent.
BY ORDER OF THE BOARD
Yeo Swee Gim, Joanne
Ng Siew Ping, Jaslin
Company Secretaries
22 September 2021
Singapore
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HLF - Hong Leong Finance Limited published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 11:11:09 UTC.