PEAK Gives 13 Million 85 Thousand Shares To Motivate Employees

2010/5/8 9:36:00 17

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A few days ago, reporters learned from PEAK (China) Sporting Goods Co., Ltd. official website that PEAK announced its implementation of equity incentive plan at HKEx recently.

According to the announcement and subsequent adjustment, PEAK will give a total of 13 million 85 thousand shares to more than 400 PEAK employees, including its executives, administrative and production staff.

Among them, the highest got 300 thousand shares of equity incentive, the lowest got 5000 shares.

The first exercise of equity incentive is 4 years.

According to the announcement, the shares will be used at the price of HK $5.916 per share as the exercise price of the share option. During the validity period of the share option, the first 30% of the share option can be exercised within four years from the date after the date of the grant. The second lot 30% can be made within three years from the date of the first two days after the grant date; 40% of the share option can be exercised within two years from the date of the three year after the grant.

Xu Zhihua, PEAK sports CEO, said that to turn employees into shareholders is to encourage employees and enterprises to grow together.

This is only the first batch of programs with more than 400 audiences.

Next, PEAK will launch the second round of equity incentives to allocate new employees to PEAK.