China South car launches 36.74 million stock options incentive plan

NetEase Finance September 27 News China Southern Car Monday evening issued a notice that the company's board of directors to consider the adoption of the "Company stock options Plan" of the bill, the first to be awarded the number of stock options for 36.74 million shares. The first number of 36.74 million shares of 5.43 yuan/share China South Car said that the stock options plan to use stock options as an incentive tool, the target stock for the China Southern car A-shares.　　The first proposed number of stock options is 36.74 million shares, accounting for the total share capital (11.84 billion shares) of 0.31%, which accounted for the same category of total capital (A shares, 9.816 billion shares) 0.374%.　　In addition, the first Stock incentive plan stock option of the right price of 5.43 yuan, that is, to meet the rights of the right conditions, the incentive to be awarded each stock option can be 5.43 yuan to buy a share of China South car shares.　　The Stock options Plan (draft) shows that the total amount of the underlying stock (excluding already defunct stock options) and the company's other effective equity incentive plans (if any) involved in the stock options granted under the plan shall not exceed 10% of the total amount of the company's shares in the same category. Supplementary liquidity Bulletin shows that the stock options program is valid for 10, from the date of approval of the general meeting of the shareholders calculation.　　Subject to the terms of the grant, the Board of Directors shall be entitled to grant stock options to qualified personnel, in principle, once every two years.　　China Southern said the project involved the target stock source to the incentive to issue the China South car A-share stock, the stock option plan after the implementation of the incentive to pay the share subscription funds, to supplement the company's liquidity. The first award of the 328-person stock options Scheme (draft) shows that southern China is the first to be awarded 328 people, accounting for the total number of staff of 0.38%.　　A total of 8 directors and senior managers were awarded the total number of stock options awarded to them at about 1.4 million shares, representing 3.81% of the total amount awarded. option is valid for 7-year lock-up period 2 years the stock option granted by this stock option scheme is valid for 7 years and is calculated from the date of award determined by the board. In addition, stock options will not be allowed to do so within two years from the date of grant. Since the grant date of two years after the entry into force to meet the requirements of the conditions of entry into force, the stock options in accordance with the following effective arrangements in batches: 1. Two years (24 months) from the date of the grant, 1/3 of the number of shares granted to the person to whom the incentive is granted is effective; 2. Three years (36 months) from the date of the grant, 1/3 of the number of shares granted to the person to whom the incentive is granted is effective; 3.　　On the four anniversary (48 months) from the date of Grant, the remaining 1/3 of the stock options granted by each incentive object are effective. Among them, the first granted stock options effective performance conditions: The previous financial year three years average deduction after the non-recurrent profit and loss of the weighted average net asset yield (ROE) is not less than 10%; previousThree-year compound growth rate of the financial year is not less than 20%.