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Note to journalists:
Note: Henderson China Holdings Ltd (HCH, 0246) is a listed subsidiary of HLD, and therefore any changes to its option scheme have to be approved by both HCH and HLD. The new scheme complies with the amended Listing Rules on share option schemes. We do not agree with all of these rules, for example, we think it is wrong in principle for independent directors to be given share options as this allows management of listed companies to pay off INEDs to secure favourable opinions, but on balance we recommend in favour of allowing the scheme, as we believe the structural issue should be addressed in the Listing Rules, and the new Rules are more restrictive than the old ones under which the previous scheme was granted. Copyright Webb-site.com, 2003 Sign up for our free newsletter Recommend Webb-site.com to a friend Important notice: All material on this site, except where otherwise accredited, is copyright to Webb-site.com. Media and researchers are welcome to quote from articles on this site, provided that such quotation is attributed to Webb-site.com. The information in this site should not be relied upon by any person in making any investment decision. No responsibility or liability is accepted by Webb-site.com or any person related to it for any loss arising from or in reliance upon the whole or any part of the contents of this site. Persons who are in any doubt about an investment or potential investment should take professional investment advice. From time to time parties associated with Webb-site.com may own long or short positions in securities issued by or related to companies or governments on which we comment. |