Summary by Moomoo AI
TELECOMMUNICATIONS INC., LTD. ANNOUNCED ON 19 APRIL 2024 THAT IT HAS AWARDED A TOTAL OF 3,809,667 SHARE AWARDS TO THE GROUP'S EMPLOYEES UNDER THE COMPANY'S SHARE AWARD SCHEME. The award is divided into two parts, with the assignment period of 1,931,656 share awards from April 19, 2024 to April 19, 2025, and the allotment period of 1,878,011 share awards from April 19, 2024 to April 19, 2026. The shares awarded were priced at HK$3.85 per share at the closing date of the award. Employees awarded share awards do not include directors, associated entity participants or service providers of the company or any of its subsidiaries. The Remuneration Committee has considered and confirmed the achievement of the relevant performance targets prior to awarding the award and does not stipulate performance targets as an attribution condition. The attribution of the award is subject to certain conditions, including that the grantee must continue to be an employee of the Group until the date of affiliation, without being terminated for reasons of employment or committing a material breach.