By the end of March 2019, Tencent had 54,623 employees, and the share of those who won the equity award was about 42.6%.
On the evening of July 8, Tencent announced that it would issue 3418 2154 new shares under its stock incentive scheme in 2013, including 13026 938 shares awarded to 4426 awardees from 2018 to June 2019, and 21155 216 shares awarded to 18845 awardees on July 8, 2019.
According to the announcement, the total number of shares Tencent can use as an incentive is 71854236, based on the equity incentive scheme in 2013, before awarding the above-mentioned incentives. After the award, there are 3767 2082 shares remaining in the scheme for reward.
According to the terms of the equity incentive plan in 2013, the incentive shares will be purchased by an independent trustee and the cost will be paid by Tencent. The number of rewarding shares awarded to the rewarding persons is determined by the position, experience and performance of the rewarding persons.
According to the announcement, the number of Tencents equity awards was 23,271. According to the closing price of HK$351 on July 8, the total value of the award shares issued by Tencent was about HK$12 billion, with a per capita award of HK$515,000 (about 450,000 RMB). By the end of March 2019, Tencent had 54,623 employees, and the share of those who won the equity award was about 42.6%.
On the same day, Tencent also issued an announcement on the grant of shares. According to disclosure, Tencents board of directors granted 2188900 share rights on July 8. Embarrassingly, the exercise price of the share purchase is HK$359.04 per share, which is higher than Tencents closing price on that day. Fortunately, the period of validity of the share purchase is 7 years, leaving enough time for the shareholders.
(Editor: Huang Kai)
Source: Responsible Editor of Economic Report in the 21st Century: Wang Fengzhi_NT2541