|CHANGE IN CAPITAL :: GRANT OF SHARE OPTIONS :: GRANT OF OPTIONS PURSUANT TO THE SINGAPORE POST SHARE OPTION SCHEME 2012|
|* Asterisks denote mandatory information|
|Name of Announcer *||SINGAPORE POST LIMITED|
|Company Registration No.||199201623M|
|Announcement submitted on behalf of ||SINGAPORE POST LIMITED|
|Announcement is submitted with respect to *||SINGAPORE POST LIMITED|
|Announcement is submitted by *||Winston Paul Wong Chi Huang|
|Designation *||Joint Company Secretary|
|Date & Time of Broadcast||17-Jan-2014 18:17:38|
|The details of the announcement start here ...|
|Announcement Title * ||Grant of options pursuant to the Singapore Post Share Option Scheme 2012|
|Specific shareholder's approval required? * ||No|
|Description * ||In accordance with Rule 704(29) of the Listing Manual, Singapore Post Limited (the "Company") hereby discloses the details of the grant of share options pursuant to the Singapore Post Share Option Scheme 2012 as follows:-|
(a) Date of Grant: 17 January 2014
(b) Exercise price of options granted: S$1.35
The exercise price is equal to the average of the last dealt prices for the shares on the SGX-ST for the five (5) consecutive trading days immediately preceding the date of grant of the options.
(c) Number of options granted: 15,700,000
(d) Market price of the Company's securities on the date of grant: S$1.34
(e) Number of options granted to directors and controlling shareholders (and their associates), if any: Except for 1,000,000 share options granted to the GCEO who is an Executive Director, no share options have been granted to any other directors and controlling shareholders (and their associates) of the Company.
(f) Validity period of the options: The options will vest in accordance with the prescribed vesting period schedule. Options which vest prior to 31 March 2018 have a validity period of 10 years from the date of grant. Options to the extend unvested will lapse on 31 March 2018.
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