Employee Stock Option/ Share Scheme::GRANT OF OPTIONS PURSUANT TO THE TREK 2000 INTERNATIONAL LTD SHARE OPTION SCHEME 2011

Issuer & Securities

Issuer/ Manager
TREK 2000 INTERNATIONAL LTD
Securities
TREK 2000 INT'L LTD - SG1I59882965 - 5AB
Stapled Security
No

Announcement Details

Announcement Title
Employee Stock Option/ Share Scheme
Date &Time of Broadcast
10-Feb-2015 18:11:01
Status
New
Announcement Sub Title
GRANT OF OPTIONS PURSUANT TO THE TREK 2000 INTERNATIONAL LTD SHARE OPTION SCHEME 2011
Announcement Reference
SG150210OTHRR8RF
Submitted By (Co./ Ind. Name)
Gurcharan Singh
Designation
Executive Director / CFO
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of Trek 2000 International Ltd (the "Company") wishes to announce that on 10 February 2015, the Company has granted options to subscribe for a total of 3,890,000 shares under the Trek 2000 International Ltd Share Option Scheme 2011. Details of the grant are as follows:

(a) Date of Grant: 10 February 2015

(b) Options granted to Non-Executive Directors and employees
Exercise price of options granted: S$0.362
(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.)
Total number of options granted: 690,000 shares

(c) Options granted to Controlling Shareholders and Associates
Exercise price of options granted: S$0.247
(The exercise price was approved by shareholders at the Extraordinary General Meeting of the Company held on 23 April 2014.)
Total number of options granted: 3,200,000 shares

(d) Market price (last done price) of shares on the Date of Grant: S$0.365

(e) Validity period of the options: 5 years from the Date of Grant applicable for Non-Executive Directors; 10 years from the Date of Grant applicable for employees and Controlling Shareholders and Associates.

Submitted by Gurcharan Singh, Executive Director on 10/02/2015 to the SGX.