BOC Aviation grants restricted share units under incentive plan

BOC Aviation has announced the grant of RSUs covering 2,465,872 shares to participants, including Chairman Zhang Xiaolu, Executive Director Steven Matthew Townend, subsidiary directors, and other employees, effective May 19, 2025. The grant represents approximately 0.36% of the company’s issued share capital. The shares underlying the RSUs have an approximate market value of HKD 152.4 million based on the closing price of HKD 61.80 per share on the Stock Exchange on May 19, 2025. The Trustee purchased 2,346,300 shares from the secondary market for approximately HKD 136.4 million to satisfy the grant. The vesting of the awards is subject to terms and conditions of the Plan and will occur in April 2028/2029.