General Announcement::AWARD OF REMUNERATION SHARES TO NON-EXECUTIVE DIRECTORS

Issuer & Securities

Issuer/ Manager
K1 VENTURES LIMITED
Securities
K1 VENTURES LIMITED - SG1CD1000005 - BLT
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Nov-2016 07:19:12
Status
New
Announcement Sub Title
AWARD OF REMUNERATION SHARES TO NON-EXECUTIVE DIRECTORS
Announcement Reference
SG161101OTHR5BHX
Submitted By (Co./ Ind. Name)
Winnie Mak
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
K1 Ventures Limited (the "Company") wishes to inform that pursuant to the resolution in respect of the directors remuneration passed during the Company's annual general meeting held on 27 October 2016 ("2016 AGM"), an aggregate of 45,000 ordinary shares in the Company ("Remuneration Shares") were purchased and awarded to its Non-Executive Directors.

However, in the case of Mr Tan Poh Lee Paul (who is a nominee director of Keppel Corporation Limited), an aggregate of 9,000 Remuneration Shares in respect of his award was purchased on 28 October 2016 for the account of Kephinance Investment Pte. Ltd. (a wholly-owned subsidiary of Keppel Corporation Limited).

The Remuneration Shares were purchased by the Company from the market at S$1.00 per share.