Logan Property : 2017-08-28Logan Property Announces Grant of Share Options to Motivate Management in Optimizing Company Value

Logan Property Announces Grant of Share Options to Motivate Management in Optimizing Company Value

Datetime：[2017-08-28]

China/Hong Kong, 28 August 2017 - Logan Property Holdings Company Limited ('Logan Property' or the 'Group', HKEx stock code: 3380) is pleased to announce that it has granted 24,250,000 share options to directors of the Group and 135,750,000 share options to management of the Group as an incentive to jointly create and enhance the value of the Group's shares.

Logan Property says that its management is highly confident about the Group's development prospects and believes that the Group's value has huge growth potential. This grant of share options will motivate the management in optimizing the share value as their benefit is closely tied with tie the shareholders' interests,thus promoting the Group's long-term development. In order to ensure that the share option scheme is more effective in motivating employees, the grant of share options is subject to stringent performance evaluation criteria and clear objectives. The vesting of the options is conditional upon the management achieving certain performance targets.

The total number of share options that Logan Property granted is 160,000,000, with each share option entitling to subscribe for one ordinary share. The exercise price is HK$7.43 per share. The share options are exercisable within a period of ten years from the date of grant, subject to the below vesting schedule: 25% of the share options granted at any time after the expiration of 3 years from the date of grant; 25% of the share options granted at any time after the expiration of 4 years from the date of grant; 25% of the share options granted at any time after the expiration of 5 years from the date of grant; all the remaining share options granted at any time after the expiration of 6 years from the date of grant.