(Registration No.: 199508621R)
GRANT OF SHARE AWARDS PURSUANT TO SUNNINGDALE TECH RESTRICTED SHARE PLAN ("STL RSP")
The Board of Directors of Sunningdale Tech Ltd. (the "Company") wishes to announce that pursuant to the STL RSP, the Company had today granted share awards to eligible employees and the directors of the Company, details of which are as follows:-
Date of Grant : | 19 November 2012 |
Number of Share Awards Granted: | 7,409,000 shares (RSP 2012) |
Exercise Price of Share Awards granted: | Nil (Share awards represent the right conferred by the Company on participants to be issued or transferred fully paid shares at no charge.) |
Market Price of the Company's shares on the date of grant: | S$0.119 (as at close of last trading day before the grant, 16 November 2012) |
Validity period of Share Awards: | One-third shall vest on the 1st anniversary from letter of offer. Another one-third shall vest on the 2nd anniversary Last one-third shall vest on the 3rd anniversary |
The share awards granted to the eligible directors of the Company are as follows: Name of director Khoo Boo Hor | Number of Share Awards Granted 1,100,000 |
Remaining balance of shares awarded to eligible employees: | 6,309,000 |
Khoo Boo Hor
Director
Date: 19 November 2012
distributed by |