ZTE market value of 900 million incentive to lift the ban: employees can be 270,000 yuan per person

Xinhua News (reporter Gu Xiaoyu) over the weekend, ZTE announced that the first phase of the ZTE Employee equity incentive plan began to implement the second stock lifting, according to the Friday ZTE closing price calculation, involving employees can cash 277,800 yuan per person. The announcement said that ZTE 3,239 employees to meet the lifting conditions, the lifting of the total number of shares of about 26.45 million shares, accounting for 1.38% of the total capital, the average 8166 shares per person. ZTE's shares closed to 34.02 yuan in Friday, in order to calculate the total market value of the lifted shares of 900 million yuan, on average, each employee can get 277,800 yuan.　　ZTE's current 17 directors and executives will be the lifting of the stock limit of 1.165 million shares, according to 34.02 Yuan/share of the income of the convertible option 39.63 million yuan, on average, each executive can cash 2.33 million yuan. Securities analysts believe ZTE's share price is now low due to India's ban on Chinese communications equipment, and ZTE employees are not expected to cash in on options soon.