Cambridge Technology Announces Initial Grant of Nearly 4 Million Stock Options

Stock News06-11 22:26

Cambridge Technology (06166) has disclosed the approval of a proposal concerning its 2026 stock option and restricted share incentive plan. The proposal, passed by the company's board and compensation committee, adjusts the exercise price, list of grantees, and the number of options to be granted.

The company has determined that the conditions for the initial grant under the A-share incentive plan have been met. Consequently, it has set June 11, 2026, as the initial grant date, awarding a total of 3,998,450 stock options to 1,056 eligible participants. The exercise price for these options is set at RMB 113.71 per share.

In alignment with the company's current developmental requirements and its overarching goal of reducing costs and enhancing efficiency, Cambridge Technology has made adjustments to the planned equity grants under the A-share incentive scheme.

The total number of stock options to be granted has been revised from 13,853,500 to 4,998,062. Within this total, the initial grant portion has been adjusted from 12,853,500 options to 3,998,450 options, representing 80% of the total planned equity under this scheme.

Furthermore, the reserved portion for future grants has been modified from 1,000,000 options to 999,612 options, which accounts for the remaining 20% of the total planned incentive equity. The company has stated that no restricted shares will be granted under this particular plan.

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