InnoTek (SGX:M14), a precision engineering firm, will grant options under the InnoTek Employee Share Option Scheme 2021, according to a Monday filing on the Singapore Exchange.
The options were granted with an exercise price set at SG$0.49 per share. A total of 4 million options were issued. The market price of InnoTek's shares on the grant date was SG$0.50 per share.
No options were allocated to directors or controlling shareholders. The options will vest one year from the grant date and remain valid for five years.
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