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PCCW Limited ( (HK:0008) ) just unveiled an announcement.
PCCW Limited has granted 1,601,554 share awards under its 2024 Share Award Scheme to executive director and Acting Group Managing Director and Group Chief Financial Officer Susanna Hui, with no purchase price payable and a market reference price of HK$6.16 per share on the grant date. The awards will vest in two equal tranches over one and two years, reflecting the Remuneration Committee’s assessment of Hui’s and the group’s past performance, and leaving a substantial pool of shares available for future grants under the scheme mandate.
The performance targets for this grant were deemed satisfied prior to approval, so no additional vesting conditions apply, and the scheme rules do not include a clawback mechanism for these awards. The grant, which has been approved by all independent non-executive directors in line with Hong Kong listing rules, underscores PCCW’s continued use of equity-based incentives to reward senior leadership and could further align management interests with long-term shareholder value while slightly diluting existing shareholders as new shares are issued.
More about PCCW Limited
PCCW Limited is a Hong Kong-incorporated company listed on the Hong Kong Stock Exchange and operates as a diversified telecommunications and media group through its subsidiaries. The company’s leadership includes Chairman Richard Li and Acting Group Managing Director and Group Chief Financial Officer Susanna Hui, supported by a board of executive, non-executive and independent non-executive directors.
The group focuses on providing integrated communications, media and related technology services in its core markets, leveraging its listed status to access capital and align management incentives with shareholder interests. Its governance and remuneration structures are overseen by a Remuneration Committee and independent directors to comply with Hong Kong listing requirements and market best practice.
Average Trading Volume: 7,005,032
Technical Sentiment Signal: Buy
Current Market Cap: HK$46.76B
Find detailed analytics on 0008 stock on TipRanks’ Stock Analysis page.