China Qidian Guofeng grants 23m award shares

China Qidian Guofeng Holdings granted 23.4 million award shares to 941 service providers on July 29, representing 1.29% of total issued shares. At the closing price of HK$3.750 per share, the grant was valued at HK$87.8 million.

The shares are granted at no cost with a 12-month vesting period followed by a 12-month lock-up period. No performance targets are required.

The company has 58.7 million shares remaining available for future grants under the scheme.