14th Jan 2011 13:30
LED International Holdings Limited
("LED" or the "Company")
Directors' dealings - grant of share options
The Board of LED is pleased to announce that it has granted share options over a total of 10,000,000 new ordinary shares of HK$0.10 each in the Company to the following directors (the "Options"):
Director | New Options | Total number of shares under options following grant |
Li Li Xin, Thomas | 5,000,000 | 5,000,000 |
Chan Wing Bun, Stephen | 5,000,000 | 5,000,000 |
The purpose of the Options is to incentivise and retain the executive directors during the current key phase in the development of the Company. The exercise price for the Options is 1.6313 pence per share, being the average closing price of LED's ordinary shares for the past four quarters ending on 31 December 2010. The Options are exercisable for 5 years from the date of grant and the exercise of the Options is not conditional.
Following these option grants, the total number of shares under option will be 23,043,287 (representing 6.24% of the Company's enlarged issued share capital following issue) of which the number granted to the directors is 10,000,000 (representing 2.81% of the Company's enlarged issued share capital following issue).
**Ends**
For further information:
LED International Holdings Limited | |
Stephen Chan - Chief Executive Officer | +852 2243 3100 |
Allenby Capital Limited | |
Brian Stockbridge / Alex Price | +44 (0) 20 3328 5656 |
Notes to Editors:
LED International Holdings Limited and its subsidiaries specialise in the development, manufacture
and sale of low powered led screens, outdoor signs, lamps, lighting and building illumination; and high powered / medium powered led energy efficient indoor and outdoor lighting products.
For more information, please visit: http://www.led-intl.com
Related Shares:
Led International Holdings