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China LNG Group ( (HK:0931) ) has issued an announcement.
China HK Power Smart Energy Group Limited has granted share options to 57 eligible participants under its existing share option scheme adopted in August 2019, allowing them to subscribe for a total of 402,139,709 new shares, equivalent to about 5.41% of the company’s issued share capital, at an exercise price of HK$0.482 per share. The options will vest over four years with a 10-year validity period, and while they do not carry additional performance targets or clawback mechanisms, the board and its remuneration committee believe that the share price linkage, vesting schedule and employment conditions are sufficient to align the interests of grantees with shareholders, support long-term retention, and incentivise contributions to the group’s future operational performance and growth.
The most recent analyst rating on (HK:0931) stock is a Hold with a HK$0.59 price target. To see the full list of analyst forecasts on China LNG Group stock, see the HK:0931 Stock Forecast page.
More about China LNG Group
China HK Power Smart Energy Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the broader energy and smart energy solutions sector. The group focuses on power-related and smart energy businesses, leveraging capital markets in Hong Kong to support its growth and incentivise management and employees through equity-based compensation schemes.
Average Trading Volume: 37,007,690
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.6B
Learn more about 0931 stock on TipRanks’ Stock Analysis page.