KERRY LOGISTICS NETWORK LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in the British Virgin Islands and continued into Bermuda as an exempted company with limited liability)
Stock Code 636
GRANT OF OPTIONSThe Board announces that on 9 January 2015, a total of 4,350,000 Options were granted to certain eligible persons pursuant to the Post‐IPO Share Option Scheme to subscribe for a total of 4,350,000
Shares. According to Rule 17.06A of the Listing Rules, details of the grant of Options are set out as
follows:‐
1. Date of grant 9 January 2015
2. Exercise price of Options granted HK$12.26. The exercise price of HK$12.26 per Share represents the highest of (i) the closing price of HK$12.18 per Share as stated in the daily quotation sheet issued by the Stock Exchange on the date of the grant; (ii) the average closing price of HK$12.26 per Share as stated in the daily quotation sheets issued by the Stock Exchange for the five trading days immediately preceding the date of grant; and (iii) the nominal value of the Share, which is HK$0.50
3. Total number of Options granted
4. Total number of Shares to be issued upon exercise of the Options in full
4,350,000
4,350,000
5. Closing price of Share on date of grant HK$12.18
6. Average closing price of the Shares for the five trading days immediately preceding the date of grant
HK$12.26
7. Validity period of Options Five years from date of grant, i.e. from
9 January 2015 to 8 January 2020
1
8. Among the total 4,350,000 Options, 2,700,000 Options are granted to the Directors with details as follows:‐
Name of grantees | Relationship with the Company | Number of Options |
YEO George Yong‐boon | Chairman | 1,000,000 |
MA Wing Kai William | Group Managing Director | 1,000,000 |
ERNI Edwardo | Executive Director | 500,000 |
KUOK Khoon Hua | Executive Director | 200,000 |
In accordance with Rule 17.04(1) of the Listing Rules, the grant of the Options to each of the above Directors has been approved by the independent non‐executive Directors. Each of the grantees has also abstained from voting so far as the resolution for the approval of the grant of Options to each of them was concerned.
Save as disclosed above, none of the grantees is a Director, chief executive or substantial shareholder of the Company or an associate of any of them. The grant of Options to the above grantees is not subject to approval by shareholders of the Company under Rule 17.04(1) of the Listing Rules.
DEFINITIONS
In this announcement, unless the context otherwise requires, the following terms shall have the following meanings:
"associate(s)" has the meaning ascribed thereto under the Listing Rules
"Board" the board of Directors
"Chairman" chairman of the Company
"Company" Kerry Logistics Network Limited, incorporated in the British Virgin Islands and continued into Bermuda to become an exempted company with limited liability, the shares of which are listed on the Main Board of the Stock Exchange
"Director(s)" the director(s) of the Company
"Executive Director" Executive director of the Company
"Group Managing
Director"
group managing director of the Company
"HK$" Hong Kong dollar(s), the lawful currency of Hong Kong
"Hong Kong" the Hong Kong Special Administrative Region of the People's
Republic of China
"Listing Rules" the Rules Governing the Listing of Securities on The Stock
Exchange, as amended from time to time
2
"Option(s)" option(s) to subscribe for Shares granted pursuant to the
Post‐IPO Share Option Scheme
"Post‐IPO Share Option
Scheme"
share option scheme conditionally approved and adopted by written resolutions of the shareholders of the Company on
25 November 2013
"Share(s)" ordinary shares of par value of HK$0.5 each in the share capital of the Company
"Stock Exchange" The Stock Exchange of Hong Kong Limited
By Order of the Board
Kerry Logistics Network Limited LEE Pui NeeCompany Secretary
Hong Kong, 9 January 2015
As at the date of this announcement, the Directors of the Company are: Executive Directors:
Mr YEO George Yong‐boon, Mr MA Wing Kai William, Mr ERNI Edwardo and Mr KUOK Khoon Hua
Non‐executive Director: Mr QIAN Shaohua
Independent Non‐executive Directors:
Ms WONG Yu Pok Marina, Mr WAN Kam To and Mr YEO Philip Liat Kok
This announcement is published on the websites of The Stock Exchange of Hong Kong Limited
(www.hkexnews.hk) and the Company (www.kerrylogistics.com).
3
|
distributed by
|
