COSCO Shipping Energy Lowers Share Option Exercise Prices; Shares Down 7%

MT Newswires Live06-29

COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) lowered the exercise prices of share options granted under its 2023 share incentive scheme following its 2025 final dividend payment, according to a Friday Hong Kong bourse filing.

The company reduced the exercise price of initially granted share options to 11.84 yuan per share from 12.22 yuan per share, and lowered the exercise price of reserved share options to 11.50 yuan per share from 11.88 yuan per share.

The adjustment follows shareholder approval of a final cash dividend of 0.38 yuan per share for 2025 at the company's annual general meeting on Thursday.

Shares of the comany fell nearly 7% in Hong Kong and were down almost 5% in Shanghai recently.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment