On 29 January 2026, OSL Group Limited announced the grant of 5,428,770 Awarded Shares under its 2025 Share Award Scheme to a total of 154 participants, covering directors, service providers, and employees. These shares, with a closing price of HK$17.00 on the grant date, require no purchase price and carry vesting periods ranging from 12 to 18 months. Conditions are attached to 350,000 of these Awarded Shares based on specific performance targets for the financial year ending 31 December 2026.
All allocated shares are being satisfied by both newly issued and existing shares under the Scheme Mandate Limit. The company reported that, after this grant, 53,800,298 Shares remain available for future issuance to participants, while 5,703,191 Shares remain under the Service Provider Sublimit for further issuance. A clawback mechanism applies in instances of fraud, dishonesty, or misconduct, allowing the company to reclaim any gains from vested shares if certain specified circumstances arise.
The grant of Awarded Shares to certain directors (including executive and non-executive directors) was approved by the Remuneration Committee and the Board in accordance with the Listing Rules. As these grants form part of remuneration packages, they qualify for exemptions from Shareholders’ approval under Chapter 14A of the Listing Rules. The company stated that the award aims to recognize contributions, retain key personnel, and attract suitable talent to support ongoing business growth and development.
Subsequently, OSL Group Limited announced that the 5,428,770 Awarded Shares granted on 28 January 2026 have been terminated and deemed void ab initio pursuant to the 2025 Share Award Scheme.
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