Summary by Moomoo AI
China Foreign Shipping announced on 29 January 2024 that the exercise conditions for the first exercise option of its Stock Option Incentive Scheme (Phase I) have been achieved. The plan received approval from the Board of Directors and the Supervisory Board on November 29, 2021 and granted stock options to 186 inductees on January 25, 2022. After a series of reviews and adjustments, including adjustments to the stock option exercise price, as well as checks on the incentive list, the company confirmed 176 incentives were eligible. The number of stock options involved in this exercise is 22,951,132 shares at a price of $3,765 per share, originating from A shares repurchased by the Company from the Tier II market. The Company shall carry out uniform procedures for the exercise of the...Show More