1 Apr 2011 08:59
Peel Hunt
Cathay International Holdings Limited
("Cathay" or the "Company")
Grant of Share Options
Hong Kong, 1 April 2011 - Cathay International Holdings Ltd. (LSE: CTI.L), an investment holding company and a leading investor in the growing healthcare sector in the People's Republic of China, today announces that on 31 March 2011, the Company granted 4,250,000 options under a share option plan (the "Share Option Plan") approved by shareholders of the Company on 4 June 2010. The 4,250,000 options granted to the Group's management and employees represent approximately 23% of the options currently available under the Share Option Plan. Of the 4,250,000 options granted, the share options granted to directors and senior executives of the Group are as follows:
Name | Position | Number of share options granted |
Mr. Lee Jin-Yi | Chief Executive Officer | 2,000,000 |
Mr. Eric Siu Ka Chi | Finance Director | 380,000 |
Mr. Patrick Sung | Director and Controller | 300,000 |
Ms. Rebecca Yip Pui Ling | Company Secretary | 120,000 |
The exercise price of the options of 41.17 pence per share is the average closing mid-market price of the Company shares for the 30 trading days immediately prior to the date of grant. The options have a three year vesting period and are exercisable on or before the fifth anniversary of the date of the grant, subject to certain exercise conditions aligned to the Group's results and performance.
- ENDS -
For further enquiries, please contact:
Cathay International Holdings Limited |
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Eric Siu (Finance Director) Patrick Sung (Director and Controller) | Tel: +852 2828 9289 |
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M:Communications |
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Mary-Jane Elliott / Nick Francis / Amber Bielecka | Tel: +44 (0) 207 920 2330 |
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About Cathay International Holdings Limited
Cathay International Holdings Limited (CIH), focused on the People's Republic of China (PRC), is an investment holding company and a leading investor in the growing healthcare sector in China. The Group now employs more than 2000 people across the PRC, including over 30 specialist corporate and business development staff based at the holding company's headquarters in Hong Kong and Shenzhen.
The Group aims to identify investment opportunities with emphasis on high growth healthcare markets and build them into market sector leaders, with a clear exit strategy. The Group has demonstrated a strong track record of identifying potential high-growth investment opportunities in this area, including: Lansen Group, a leading specialty pharmaceutical company focused on rheumatology and Haotian Group, a company engaged in the manufacture, marketing and sale of key active ingredients for healthcare products, including inositol. To complement its healthcare portfolio, CIH has an R&D business focused on bringing new products to the growing Chinese market.
The Group also has a private equity investment arm focused on minority investment opportunities and a hotel investment.
The Company's website is at http://www.cathay-intl.com.hk.