Wasion Holdings Grants 0.41 Million Share Awards to 27 Employees at Nil Consideration

Bulletin Express09-01 21:02

Wasion Holdings Limited announced that on 1 September 2026 it granted 410,000 share awards to 27 employees under the company’s share scheme approved on 15 May 2026. Each award entitles the holder to receive one existing share of the company at no purchase cost.

Key terms of the grant: • Vesting schedule: 12 months; awards will fully vest on 31 August 2027. • Closing market price on grant date: HK$15.41 per share. • Performance conditions: None attached. • Claw-back: The company may forfeit unvested awards and reclaim vested shares or their cash proceeds if a grantee breaches covenants in the grant letter. • Financing: No financial assistance has been provided to award recipients.

The awards will be settled through shares already held by the scheme trustee, leaving 104.59 million shares available for future grants. The remuneration committee stated that the awards aim to align employee interests with shareholders, enhance retention, and support long-term corporate growth.

No grantee is a director, chief executive, substantial shareholder, related-entity participant or service provider, and no individual grant exceeds the 1% limit stipulated by Hong Kong listing rules.

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