AI assistant
Sunshine Oilsands Ltd. — Director's Dealing 2012
May 18, 2012
50340_rns_2012-05-17_8058b778-1fa8-487e-8f7c-dfa198db9976.pdf
Director's Dealing
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 [81 x 74] intentionally omitted <==
Sunshine Oilsands Ltd. 陽光油砂有限公司[*]
(a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability)
(Stock Code: 2012)
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 Sunshine Oilsands Ltd. (the “ Corporation ”) announces that share options (the “ Share Options ”) to subscribe for shares in the capital of the Company (the “ Shares ”) were granted by the Corporation under its share option scheme adopted on January 26, 2012 to Mr. John Empey Zahary, the President and Chief Executive Officer of the Corporation, subject to his acceptance with details as follows:
| Date of grant | : | May 17, 2012 |
|---|---|---|
| Number of Shares in respect of which the | : | 2,000,000 |
| Share Options were granted | ||
| Exercise price of Share Options granted | : | HK$4.86 |
| Closing price of the Shares on the date of | : | HK$4.60 |
| grant | ||
| Validity period of the Share Options | : | Five (5) years |
— 1 —
Vesting dates of the Share Options
: 1/3 of the Share Options granted will vest immediately, 1/3 on December 20, 2012 and 1/3 on December 20, 2013
Pursuant to Rule 17.04(1) of the Listing Rules, the grant of the Share Options to Mr. John Empey Zahary has been approved by the Independent Non-Executive Directors of the Corporation.
By Order of the Board Michael John Hibberd Co-Chairman and Songning Shen Co-Chairman
Hong Kong, May 18, 2012
As at the date of this announcement, the Board consists of Mr. Michael John Hibberd and Mr. Songning Shen as executive directors, Mr. Hok Ming Tseung, Mr. Tingan Liu, Mr. Haotian Li and Mr. Gregory George Turnbull as non-executive directors and Mr. Raymond Fong, Mr. Wazir Chand Seth, Mr. Robert John Herdman and Mr. Gerald Franklin Stevenson as independent non-executive directors.
- For identification purposes only
— 2 —