HKT Limited Grants Share Stapled Unit Awards to Employees and Director

HKT and HKT ( (HK:6823) ) has issued an announcement.

HKT Limited announced the grant of 76,865 share stapled unit awards under its 2024 Share Stapled Unit Award Scheme. These awards were distributed to employees and a non-executive director, Peter Anthony Allen, with no purchase price and a vesting period extending up to 2027. The grants reflect the company’s recognition of employee contributions and are part of its strategy to incentivize and retain talent. The announcement indicates a stable performance by the company, with no performance targets or clawback mechanisms attached to the awards, suggesting confidence in the company’s operational stability and future prospects.

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 operates in the telecommunications industry, providing a range of services including fixed-line, broadband, and mobile communication services. The company is part of a group that includes the HKT Trust and its subsidiaries, focusing on delivering comprehensive telecom solutions in Hong Kong.

Average Trading Volume: 9,079,419

Technical Sentiment Signal: Buy

Current Market Cap: HK$85.65B

For a thorough assessment of 6823 stock, go to TipRanks’ Stock Analysis page.