Employee Stock Option/ Share Scheme::Grant of Share Options pursuant to Valuetronics ESOS 2017

18/11/20, 7:59 PM

EMPLOYEE STOCK OPTION/ SHARE SCHEME::GRANT OF SHARE OPTIONS PURSUANT TO VALUETRONICS ESOS 2017

Issuer & Securities

Issuer/ Manager

VALUETRONICS HOLDINGS LIMITED

Securities

VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2

Stapled Security

No

Announcement Details

Announcement Title

Employee Stock Option/ Share Scheme

Date &Time of Broadcast

18-Nov-2020 19:58:29

Status

New

Announcement Sub Title

Grant of Share Options pursuant to Valuetronics ESOS 2017

Announcement Reference

SG201118OTHR2D0O

Submitted By (Co./ Ind. Name)

Tse Chong Hing

Designation

Chairman and Managing Director

Description (Please provide a detailed description of the event in the box below)

Please refer to the attached announcement on Grant of Share Options under the Rules of the Valuetronics Employee Share Option Scheme 2017.

Attachments

VHL-Grant of Share Options-20201118.pdf

Total size =65K MB

VALUETRONICS HOLDINGS LIMITED

(Incorporated in Bermuda)

(Company Registration Number 38813)

(the "Company")

DISCLOSURE IN COMPLIANCE WITH RULE 704(29) OF THE LISTING MANUAL - GRANT OF SHARE OPTIONS UNDER THE RULES OF THE VALUETRONICS EMPLOYEE SHARE OPTION SCHEME 2017 (the "Valuetronics ESOS 2017")

The Company has today granted share options to subscribe for ordinary shares in the share capital of the Company (the "Grant").

The Grant was made pursuant to the Valuetronics ESOS 2017, details of which are set out below:-

(a)

Date of Grant

:

18 November 2020

(b)

Number of Options Granted

:

2,500,000 share options

(c)

Exercise Price of Options Granted

:

2,500,000 share options at the price of

S$0.460 for each share option, being a

discount of 19.58% to the Market Price.

(d)

Market Price of the Company's Shares on

:

S$0.572 per share

the Date of Grant (the "Market Price")

(e)

Validity Period of the Options Granted

:

(i)

660,000 share options will be

exercisable during the period from 19

November 2022 to 18 November 2030

(both dates inclusive)

(ii)

1,840,000 share options will be

exercisable during the period from 19

November 2023 to 18 November 2030 (both dates inclusive)

Number of Options Granted to:-

  1. (i) Persons who are Directors of the Company
    1. Persons who are both Directors and Controlling Shareholders of the Company
    2. Persons who are Associates of Directors and/or Controlling Shareholders of the Company

By Order of the Board

Tse Chong Hing

Chairman and Managing Director

18 November 2020

  • Nil
  • Nil
  • Nil

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Attachments

Disclaimer

Valuetronics Holdings Limited published this content on 18 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 06:00:07 UTC