tiprankstipranks
Advertisement
Advertisement

HKT Grants Share Stapled Unit Awards to Group Managing Director

Story Highlights
  • HKT granted 776,356 share stapled unit awards to Group Managing Director Susanna Hui under its 2024 incentive scheme.
  • The nil-cost awards vest over up to two years without extra performance or clawback terms, leaving substantial capacity for future grants.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
HKT Grants Share Stapled Unit Awards to Group Managing Director

Claim 55% Off TipRanks

The latest announcement is out from HKT and HKT ( (HK:6823) ).

HKT Trust and HKT Limited have granted 776,356 share stapled unit awards to Executive Director and Group Managing Director Susanna Hui under their 2024 Share Stapled Unit Award Scheme, with no purchase price and based on a closing price of HK$12.56 per unit at the grant date. The awards will vest in two equal tranches over one- and two-year periods, carry no additional performance-vesting conditions or clawback mechanism, and leave more than 753 million units available for future grants, underscoring the group’s use of equity incentives to reward past performance and align management with unitholders’ interests.

The most recent analyst rating on (HK:6823) stock is a Buy with a HK$13.00 price target. To see the full list of analyst forecasts on HKT and HKT stock, see the HK:6823 Stock Forecast page.

More about HKT and HKT

HKT Trust and HKT Limited operate as a Hong Kong-based telecommunications and technology services group, providing fixed-line, mobile, broadband, and related connectivity solutions. The Group focuses on the Hong Kong market and is listed on the Hong Kong Stock Exchange through share stapled units jointly issued by the trust and the company.

Average Trading Volume: 9,713,596

Technical Sentiment Signal: Buy

Current Market Cap: HK$95.23B

See more data about 6823 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1