Global Market Group Ltd Grant of Share Options (6283J)
18 Julho 2013 - 7:00AM
UK Regulatory
TIDMGMC
RNS Number : 6283J
Global Market Group Ltd
18 July 2013
Global Market Group Limited
GRANT OF SHARE OPTIONS
Global Market Group Limited (the "Company") (AIM: GMC), a
leading business-to-business e-commerce service provider that
connects high-quality manufacturers in China with buyers from all
over the world, announces that the Board has granted options over
1,788,080 new ordinary shares in the Company at an exercise price
of GBP1.30 per share (the "Options"), in accordance with the
Company's Employee Share Option Scheme that was announced on 10
August 2012.
The Options represent in aggregate 1.83% of the Company's
existing issued share capital and have been issued on the following
basis: Directors 0.08%, and key employees and consultants
1.75%.
Mr Cheandy Hu Weiquan, the Company's Chief Financial Officer,
was granted 80,000 Options. The Options vest in equal tranches with
the first tranche becoming exercisable on 18 July 2016 and the
second tranche becoming exercisable on 18 July 2017. Both tranches
will expire on 18 July 2023. Following this grant, Mr Hu holds
options over 502,500 ordinary shares, which represent Mr Hu's only
interest in the Company.
The remaining 1,708,080 Options have been granted to 378 key
employees and consultants. 50% of these Options become exercisable
on 18 July 2016 which is three years after the date of grant, and
the remaining Options become exercisable on 18 July 2017 which is
four years after the date of grant. These Options will also expire
on 18 July 2023.
For further information, please visit www.globalmarket.com or
contact:
David Ling/ Cheandy Hu/ Mophy Fan Global Market Group Limited:
+86 (20) 8600 2299
Philip Secrett/ Maureen Tai/ Melanie Frean Grant Thornton UK
LLP, Nominated Adviser: +44 (0)20 7383 5100
Richard Baty/ Paul Gillam Westhouse Securities Limited, Broker:
+44 (0)20 7601 6100
Allan Piper/ Jiang Lei First City Public Relations: +852 2854
2666
Simon Hudson/Kelsey Traynor Tavistock Communications: +44 (0) 20
7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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