HOMELAND ITL plans to adopt a 2025 stock plan
HOMELAND ITL announced that it intends to adopt the 2025 Share Plan. The existing stock option plan has been effective since June 5, 2019, and the board of directors can decide to terminate the plan without shareholder approval. The granted stock options remain valid and are governed by the existing plan rules. The 2025 Share Plan will be implemented only after approval by the shareholders' meeting
According to the announcement from HOMELAND ITL (03798), the existing share option scheme was adopted by the company on June 5, 2019, and is effective from the date of adoption. According to the terms of the existing share option scheme, the board of directors may decide to terminate the operation of the existing share option scheme immediately without the approval of shareholders. In this case, no further share options may be granted under the existing share option scheme. Any options that have been granted but not yet exercised remain valid and shall: continue to be governed by the rules of the existing share option scheme according to the relevant grant terms and conditions; or be canceled in accordance with the rules of the existing share option scheme.
In terms of Chapter 17 of the Listing Rules, the 2025 Share Scheme will constitute a share scheme involving the granting of new shares by the company. Therefore, the adoption of the 2025 Share Scheme must be approved by shareholders at the shareholders' meeting before it can take effect
