Employee Stock Option/ Share Scheme::Grant of Share Awards to Non-Executive Directors
August 10, 2021 at 09:13 am EDT
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GRANT OF SHARE AWARDS TO NON-EXECUTIVE DIRECTORS
Pursuant to Rule 704(29) of the Listing Manual of the Singapore Exchange Securities Trading Limited, SATS Ltd. ("SATS" or the "Company") wishes to announce the following details on the grant of share awards pursuant to the Company's Restricted Share Plan ("RSP") to its non-executive directors, being payment of the share component of directors' fees equivalent to about 30% of the directors' fees, for the financial year ended 31 March 2021.
RSP
(a)
Date of grant
10 August 2021
(b)
Total number of share awards granted
65,700*
(c)
Market price of its securities on the date
S$4.020 per ordinary share
of grant
(d)
Number of share awards granted to
Directors
No. of Shares*
each director and controlling
Euleen Goh Yiu Kiang
16,200
shareholder (and each of their
Achal Agarwal
7,300
associates), if any
Chia Kim Huat
6,500
Michael Kok Pak Kuan
7,300
Jenny Lee Hong Wei
3,900
Tan Soo Nan
7,400
Deborah Tan Yang Sock
2,200
Jessica Tan Soon Neo
7,200
Yap Kim Wah
7,700
Total
65,700
(e)
Vesting of shares
100% of the share awards vest on the date of
grant
The number of shares awarded is determined based on S$3.9741 per share which is the volume weighted average price of a SATS share on the Singapore Exchange Securities Trading Limited over the 10 trading days after the 48th Annual General Meeting of the Company held on 22 July 2021. The number of shares is rounded down to the nearest hundred.
SATS Ltd. published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 13:13:08 UTC.
SATS Ltd. is a Singapore-based investment holding company. Its other activities include rental of premises and provision of management services to related companies. Its segments include Food Solutions, Gateway Services and Others. The Food Solutions segment provides mainly inflight and institutional catering, food processing, distribution services and airline laundry services. The Gateway Services segment provides both airport and cruise terminal services. The airport terminal services include airfreight handling services, passenger services, aviation security services, baggage handling services and apron services to its airline customers. On the provision of cruise terminal services, the segment manages and operates Marine Bay Cruise Centre. The Others segment provides rental of premises and other services. It serves various industries, such as airlines, food, education, hospitality, government agencies, events, airfreight and logistics, air transport, healthcare and cruise.