HKT Limited Grants Share Stapled Unit Awards to Employees

HKT and HKT ( (HK:6823) ) has provided an update.

HKT Limited has announced the grant of 391,527 share stapled unit awards under its 2024 Share Stapled Unit Award Scheme. These awards, which are granted to employee participants, have no purchase price and are set to vest over one to two years. The grant reflects the company’s recognition of employee contributions and performance, with no additional performance targets or clawback mechanisms attached. This initiative underscores HKT’s commitment to incentivizing its workforce and aligns with its strategic goals to enhance employee engagement and retention.

The most recent analyst rating on (HK:6823) stock is a Buy with a HK$12.00 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 Limited is a telecommunications company incorporated in the Cayman Islands, operating under the HKT Trust and managed by HKT Management Limited. The company is involved in providing telecommunications services and products, with a focus on the Hong Kong market.

Average Trading Volume: 9,199,159

Technical Sentiment Signal: Buy

Current Market Cap: HK$86.11B

For an in-depth examination of 6823 stock, go to TipRanks’ Stock Analysis page.