Articles: Share options

China Demeter (8120) blows 10% share option scheme in one go
Company announcement, 7-Apr-2017
What the announcement doesn't say: each of 10 participants, including 4 "consultants", gets options equal to 1% of the existing issued shares, exercisable for 1 year. A similar 10% grant (then 59m shares) was made 10 months ago, on 10-Jun-2016. All of those options were exercised 26 days later, diluting existing shareholders.
L & A (8195): 1.6bn options exercisedCCASS deposits
Company filing, 24-Aug-2016
The holders of these 10-year options all forfeited the time value and exercised them on the day that they were announced, 22-Aug, having been purportedly offered or granted on 22-Jul. The new shares were probably deposited into CCASS on 24-Aug and 25-Aug, via FP Sino-Rich Securities & Futures Ltd (1.4bn) and Emperor Securities Ltd (0.2bn).
L&A (8195) purportedly granted 2bn options a month ago
Company announcement, 22-Aug-2016
L&A has been facing a possible hostile takeover bid since 22-Jul-2016, and now it says, a month later, that on that date it purportedly granted options over 2bn shares to 10 "employees and consultants", of which 1.8bn have been "accepted". Our take: the grant should have been announced under the Listing Rules on 22-Jul-2016, otherwise we cannot rule out the possibility of backdating.
China Demeter (8120) blows 10% share option scheme in one go
Company announcement, 10-Jun-2016
The announcement doesn't state that each of 10 participants, including 5 "consultants", gets options equal to 1% of the existing issued shares.
Jicheng Umbrella (1027) grants 60m options @$1.57
Company announcement, 19-Jun-2015
The options last 1 year. Update: the interim results published 28-Aug-2015 state that the grantees were "consultants".
Time2U (1327) blows 10% share option mandate in one go
Company announcement, 16-Jun-2015
Freeman (0279) blows 10% option mandateAllotment notice
Company announcement, 16-Apr-2013
The 10-year options were granted on 16-Apr-2013 and all exercised on the same day, with an allotment notice issued less than 4 hours later.
Forefront (0885) blows 10% option mandate
Company announcement, 15-Apr-2013

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