Television Broadcasts Limited (TVB) disclosed that its Board granted a combined 2.80 million equity incentives on 6 July 2026 under the company’s 2026 Share Option and RSU Scheme.
The package comprises: • 2.40 million share options, each exercisable into one ordinary share, at an exercise price of HK$2.29—matching the market close on the grant date and exceeding the five-day average of HK$2.252. • 0.40 million restricted share units (RSUs) issued at no cost.
Distribution of awards • 2.20 million options were allotted to nine employees, including five senior managers. • 0.20 million options were granted to Executive Director and Assistant General Manager (Drama Production) Ms Tsang Lai Chun. • All 0.40 million RSUs went to Executive Chairman and substantial shareholder Mr Thomas Hui To, representing approximately 0.09% of TVB’s outstanding shares.
Key terms • Option tenure: 10 years, expiring 5 July 2036; no exercise permitted after expiry. • Vesting schedule (options and RSUs): 25% each year on 6 July 2027, 2028, 2029 and 2030. • Performance-linked vesting: contingent on Group financial metrics and individual responsibilities. • Clawback triggers: misconduct, material financial restatements, or materially inaccurate performance assessments. • No financial assistance will be provided to participants for share purchases.
Scheme capacity The Share Scheme allows issuance of up to 46.70 million shares (10% of current share capital). After the latest grants, 43.90 million shares remain available for future awards.
Governance All grants to directors and the substantial shareholder were approved by the company’s Independent Non-executive Directors, with the respective beneficiaries abstaining from voting.
Comments