SATS : SGX 12 Oct 2020 Grant of Share Awards to Non-Executive Directors - 12 Oct 2020
October 22, 2020 at 03:40 am EDT
Share
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 2020.
RSP
(a)
Date of grant
12 October 2020
(b)
Total number of share awards granted
117,300*
(c)
Market price of its securities on the date
S$3.10 per ordinary share
of grant
(d)
Number of share awards granted to
Directors
No. of Shares*
each director and controlling
Euleen Goh Yiu Kiang
25,700
shareholder (and each of their
Achal Agarwal
10,800
associates), if any
Chia Kim Huat
11,000
Michael Kok Pak Kuan
11,900
Jenny Lee Hong Wei
6,800
Tan Soo Nan
13,500
Jessica Tan Soon Neo
12,000
Yap Chee Meng
13,600
Yap Kim Wah
12,000
Total
117,300
(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$2.9627 per share which is the volume weighted average price of a share of SATS on the Singapore Exchange Securities Trading Limited over the 10 trading days after the 47th Annual General Meeting of the Company on 24 September 2020. The number of shares is rounded down to the nearest hundred.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
SATS Ltd. published this content on 12 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 07:39:06 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.