Zhejiang big net new push Half-price equity incentive

Source: Internet
Author: User
Keywords Zhejiang Stock rights incentive
In order to mobilize the management team and the backbone staff's enthusiasm, Zhejiang big net new (600797) today announced the equity incentive draft. Company executives and core technology, management backbone of a total of 113 people enjoy equity incentives.  It is worth mentioning that the equity incentive to the right price is only the first 20 trading days before the initial announcement of the average 7.74 yuan, that is, 3.87 yuan/share. According to the draft, the equity incentive scheme involved in the total of the new stock of Zhejiang net not more than 30 million shares, accounting for the total amount of new 810 million shares in Zhejiang 3.69%, the stock source for the new to motivate the main object of the stock distribution.  The total number of shares awarded to any single incentive is no more than 1% of the total equity of the company.  The equity incentive includes 113 people, including company directors, executives, middle managers, subsidiaries, and core marketing, technical and managerial backbone identified by the board of Directors. This incentive plan is valid for 48 months from the date of the restricted stock grant.  The way of granting incentive is one-time grant, meet the conditions of awarding, the incentive object can be 3.87 yuan per share price, buy the company to encourage the object of the new shares of Zhejiang Network a limited stock.  During the lock-up period of the incentive scheme, the net profit attributable to the shareholders of the listed company each year and the net profit attributable to the shareholders of the listed company shall not be lower than the average level of the last three fiscal years and shall not be negative. Granted restricted stock after one year of incentive plan grant, the incentive object can be unlocked three times. The unlocking condition of the equity incentive is to take 2010 years as the base year, the first unlocking condition is the annual net profit growth rate not less than 20%, the gross profit margin is not less than 12%; the second unlocking condition is the second annual net profit growth rate not less than 40%, the gross margin is not less than 14%  The third time the lock condition is the company authorized Day third year net profit growth rate not below 60%, gross margin is not less than 16%. Analysts said that the new introduction of the Zhejiang Big Net Half-price Equity incentive bill looks really attractive, but the subscription situation is still a certain variable. The industry has been unanimously optimistic about the Heng Rui Medicine (600276) Half-price stock Incentive Scheme, when 3 of the target to give up the subscription, 12 incentive target to reduce the subscription, the total of 888,700 shares of incentive shares unclaimed.
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