The amendments to the Scheme Rules and the Trust Deed of the Scheme approved by the Board to (i) facilitate participation of LME employees in the Scheme; (ii) allow the Board to make Senior Executive Awards as long-term incentives for Senior Executives of the Group; and (iii) reflect the appointment of Computershare Hong Kong Trustees Limited as the new trustee of the Scheme become effective on 17 December 2013.
The amendments to the Scheme Rules and the Trust Deed do not affect the subsisting rights of any employees of the Group under the Scheme.
Subject to the relevant amendments to be made to the Scheme Rules and the Trust Deed, the Board has, on the recommendation of the Remuneration Committee, approved the grant of a sum of HK$4.33 million and HK$8.65 million to Mr Charles Li Xiaojia, the Chief Executive and Executive Director of HKEx, as Senior Executive Awards, in respect of the performance periods of 2013 – 2015 and 2014 – 2016 respectively, for the purchase of Shares in accordance with the relevant provisions.
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