AI assistant
eprint Group Limited — Share Issue/Capital Change 2014
May 11, 2014
50240_rns_2014-05-11_6d8982df-9472-4446-93a9-232ecf604840.pdf
Share Issue/Capital Change
Open in viewerOpens in your device viewer
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
==> picture [162 x 75] intentionally omitted <==
eprint GROUP LIMITED eprint 集團有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 1884)
CANCELLATION OF PRE-IPO SHARE OPTIONS
The board (the “ Board ”) of directors (the “ Directors ”) of eprint Group Limited (the “ Company ”) announces that the Board resolved on 9 May 2014 the cancellation of 12,500,000 pre-IPO share options (“Options”) granted on 13 November 2013 pursuant to the pre-IPO share option scheme (the “Scheme”) adopted on 13 November 2013, details of the Options and the Scheme are set out in the prospectus of the Company dated 20 November 2013 (the “ Prospectus ”). Capitalised terms used herein shall bear the same meanings as defined in the Prospectus unless otherwise stated.
As at the date of this announcement, the entire 12,500,000 Options granted to all the eight grantees (the “ Grantees ”) remain outstanding and not exercised.
In order to improve the incentives to the employees of the Group for their contributions to the Group, the Board proposes to cancel the Options granted under the Scheme to the Grantees and is considering to implement other scheme to reward and to encourage the contributions by the employees of the Group including, but not limited to, the grant of share options under the Share Option Scheme adopted on 13 November 2013 and/or implementation of any other shares award scheme. Further announcement will be made by the Company as and when required pursuant to the requirement under the Listing Rules.
As approved by the Board (including the approval by the independent non-executive Directors), the Company resolved to cancel an aggregate of 12,500,000 Options granted to the Grantees with effect from 9 May 2014 in accordance with the terms of the Scheme. The Grantees include two executive Directors of the Company holding an aggregate of 5,000,000 Options.
-1-
The Grantees shall not be entitled to payment of any amounts by way of penalty, damages or other compensation or any consequential loss as a result of such cancellation. Therefore, the Company considers that the cancellation of the Options shall not have any material adverse financial impact to the Company.
On behalf of the Board eprint Group Limited Fung Hong Keung Company Secretary
Hong Kong, 9 May 2014
As at the date of this announcement, the executive Directors are Mr. She Siu Kee William, Mr. Tsui Pak Wai and Mr. Fung Hong Keung; the non-executive Directors are Mr. Lam Shing Kai, Mr. Leung Wai Ming, Mr. Leung Yat Pang and Mr. Chong Cheuk Ki; and the independent non-executive Directors are Dr. Lung Cheuk Wah, Mr. Chan Chi Yu, Mr. Chi Man Shing Stephen and Ms. Luk Mei Yan.
-2-