Employee Stock Option/ Share Scheme::Grant of Share Awards under the Tritech Group Performance Share Plan 2021
October 08, 2021 at 07:52 am
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TRITECH GROUP LIMITED
TriTech
31 Changi South Avenue 2 Tritech Building Singapore 486478
(Company Registration No.: 200809330R)
GRANT OF SHARE AWARDS UNDER THE TRITECH GROUP PERFORMANCE SHARE PLAN 2021 ("TRITECH PSP 2021")
In accordance with Catalist Rule 704(32) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist, the Board of Directors ("Directors") of Tritech Group Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce the following grant of share awards ("Awards") under Tritech PSP 2021, adopted by the Company at the extraordinary general meeting held on 29 July 2021.
Date of grant of Awards
8 October 2021
Number of Awards granted
30,000,000
Market price (last dealt price)
S$0.017 per ordinary share
of shares on the date of grant
Number of Shares granted to
20,000,000 Awards were granted to the following Directors:-
director(s) and/or controlling
Directors
Awards
shareholders (and each of
their associates), if any
Professor Yong Kwet Yew
(Non-Executive Chairman and
Independent Director)
10,000,000
Aw Eng Hai
(Independent Director)
10,000,000
Total
20,000,000
The remaining 10,000,000 shares were awarded to selected
employees of the Group who are not Directors, under Tritech PSP
2021 (the "Eligible Employees").
Vesting period
The Awards granted to the above Directors and Eligible
Employees will vest on 11 October 2021, in recognition of their
satisfaction of the performance criteria and relevant service
conditions determined by the Remuneration Committee.
BY ORDER OF THE BOARD
Dr Wang Xiaoning
Managing Director
8 October 2021
This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Ms Lim Hui Ling, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.
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Tritech Group Limited published this content on 08 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2021 11:51:03 UTC.
Tritech Group Limited is a Singapore-based investment holding company. The Company's business segments include Smart Urban Development, Water and Environment, and Corporate business. The Smart Urban Development segment comprises integrated service provider for smart urban development, covering urban planning, design and consultancy, engineering survey, instrumentation and monitoring, project management, construction supervision, data collection, big data analytics, artificial intelligence and cloud computing digital platform. The Water and Environment segment comprises product-technology-design-build-operation service provider for water treatment & environmental protection projects, smart technologies, design and consultancy, construction, and operation and maintenance. It produces Vavie Alkaline drinking water, Vavie Alkaline water dispenser and Vavie CWS (Clean, Wash, Sanitize). The Corporate business segment comprises Company-level corporate services and treasury functions.