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Samsonite Group S.A. — Share Issue/Capital Change 2014
Jan 7, 2014
50259_rns_2014-01-07_ff16ac2c-3829-44c9-a720-86ab0ac78093.pdf
Share Issue/Capital Change
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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.
Samsonite
SAMSONITE INTERNATIONAL S.A.
新秀麗國際有限公司*
13-15 Avenue de la Liberté, L-1931 Luxembourg
R.C.S. LUXEMBOURG: B 159469
(Incorporated in Luxembourg with limited liability)
(Stock code: 1910)
ANNOUNCEMENT GRANT OF SHARE OPTIONS
This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The Board of Directors (the "Board") of Samsonite International S.A. (the "Company") announces that on January 7, 2014, the Company granted share options (the "Options") to certain Directors and employees of the Company and its subsidiaries (the "Grantees") pursuant to the Company's Share Award Scheme which was adopted on September 14, 2012, subject to acceptance by the Grantees. The Options entitle the Grantees to subscribe for a total of 12,266,199 new shares with a nominal value of US$0.01 each (the "Shares") in the capital of the Company.
Details of the Options granted are set out below:
Date of grant : January 7, 2014
Number of Shares issuable under Options granted : 12,266,199
Exercise price of Options granted : HK$23.30
Closing price of the Shares on the date of grant : HK$22.70
Validity period of the Options : 10 years from the date of grant and the Options will lapse on January 7, 2024
Vesting dates of the Options : 25% of the Options granted will vest on each of January 7, 2015, January 7, 2016, January 7, 2017 and January 7, 2018
Of the Options granted as referred to above, Options with respect to a total of 3,049,191 Shares were granted to three Executive Directors of the Company, details of which are set out below:
| Name | Position(s) in the Company | Shares issuable under Options granted |
|---|---|---|
| Timothy Charles Parker | Chairman and Chief Executive Officer | 1,821,615 |
| Kyle Francis Gendreau | Executive Director and Chief Financial Officer | 589,543 |
| Ramesh Dungarmal Tainwala | Executive Director and President, Asia-Pacific and Middle East | 638,033 |
Pursuant to Rule 17.04(1) of the Listing Rules, the grant of the Options to each of the Executive Directors of the Company has been approved by the Independent Non-executive Directors of the Company.
Save as disclosed above, none of the Grantees is a director, chief executive or substantial shareholder of the Company or any of their respective associates (as defined in the Listing Rules).
By Order of the Board
SAMSONITE INTERNATIONAL S.A.
TIMOTHY CHARLES PARKER
Chairman
Hong Kong, January 7, 2014
As of the date of this announcement, the Executive Directors are Timothy Charles Parker, Kyle Francis Gendreau and Ramesh Dungarmal Tainwala, the Non-Executive Directors are Bruce Hardy McLain (Hardy) and Keith Hamill and the Independent Non-Executive Directors are Paul Kenneth Etchells, Miguel Kai Kwun Ko and Ying Yeh.
- For identification purposes only