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Viva Goods Proposes New Share Option Scheme and Conditional Grant to Co-CEO

Story Highlights
  • Viva Goods plans to adopt a new share option scheme for better flexibility and incentives.
  • A conditional grant of 300 million options to Co-CEO Herrero awaits shareholder approval.
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Viva Goods Proposes New Share Option Scheme and Conditional Grant to Co-CEO

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The latest update is out from Viva China Holdings Limited ( (HK:0933) ).

Viva Goods Company Limited, incorporated in the Cayman Islands, has announced its intention to replace its existing share option scheme with a new one, aiming to provide more flexibility and better incentives for eligible participants. This move comes in response to recent amendments to the Listing Rules and is part of the company’s long-term strategic planning. Additionally, the company has proposed a conditional grant of 300 million options to Mr. Victor Herrero, contingent upon the approval of the new scheme and his service contract. This grant represents over 1% of the company’s issued shares and is subject to shareholder approval, with Mr. Herrero abstaining from the vote.

More about Viva China Holdings Limited

Average Trading Volume: 2,290,998

Technical Sentiment Signal: Sell

Current Market Cap: HK$3.74B

See more insights into 0933 stock on TipRanks’ Stock Analysis page.

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