SINGAMAS CONT adopts a share incentive plan
SINGAMAS CONT announced that it has adopted a share incentive plan on September 1, 2025. According to the listing rules, the plan is funded solely by existing shares, constitutes a share scheme, and must comply with relevant disclosure requirements. The plan does not involve the issuance of new shares, so shareholder approval is not required
According to the announcement from SINGAMAS CONT (00716), the company has adopted a share incentive plan on September 1, 2025. In accordance with Listing Rule 17.01(1)(b), since the plan is intended to be funded solely by existing shares at the time of adoption, it constitutes a share plan under Chapter 17 of the Listing Rules and must comply with the applicable disclosure requirements under Listing Rule 17.12. The plan does not constitute a plan involving the issuance of new shares as described in Listing Rule 17.01(1)(a), therefore, the adoption of the plan does not require shareholder approval under Chapter 17 of the Listing Rules
