Man Wah Holdings Limited has granted share awards covering 2,898,000 new shares to 24 group employees under its 2024 Share Award Scheme. The awards vest in three tranches on 2 March 2028, 2 March 2029 and 2 March 2030, and require no payment on acceptance. On each vesting date, recipients must pay a purchase price equal to the higher of 80% of the five-day average closing price before that vesting date or the shares’ par value, and the awards lapse if payment is not made within seven days.
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