China MeiDong Auto proposes 2025 share option scheme
China MeiDong Auto Holdings (HKEX:1268) has announced a proposal for the adoption of a new 2025 Share Option Scheme, as detailed in a circular to shareholders today. The scheme aims to attract, retain, and motivate eligible participants, aligning their interests with the company's growth and shareholder value. Shareholders will vote on the scheme's adoption at an Extraordinary General Meeting (EGM) scheduled for June 10, 2025. The proposed scheme mandates that the maximum number of shares issued will not exceed 10% of the issued shares as of the Adoption Date. The company is seeking authorization to allot and issue new shares to satisfy any options, not exceeding the Scheme Mandate Limit. The initial subscription price for these options will be determined by the Remuneration Committee.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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