Alibaba Pictures announced the sale of 17.6 million share options at HK$1.66 per share

Recently, Alibaba Pictures announced the sale of 17,600,000 share options in Alibaba Pictures at HK$1.66 per share for a period of 10 years.

Recently, Alibaba Pictures announced the sale of 17,600,000 share options in Alibaba Pictures at HK$1.66 per share for a period of 10 years.

Alibaba Pictures announced that a total of 176,00,000 share options have been granted to certain eligible participants under the share option plan adopted by the Company on June 11, 2012. The share options will entitle the grantees to subscribe for a total of 17,600,000 new shares of the Company, subject to acceptance by the grantees.

The announcement shows that the date of grant of the share options is January 25, 2016, the exercise price of the share options granted is HK$1.66 per share, and the closing price on the day of grant of the shares is HK$1.66 per share. The validity period of the share options is 10 years, that is, from January 25, 2016 to January 24, 2026, and the vesting schedule is 4 years from the date of employment of the relevant grantee.

In addition to the announcement of the sale of share options, there was also a piece of news about Alibaba Pictures recently. When Alibaba Pictures CEO Zhang Qiang attended the 2016 China Film Yangtze River Forum in Wuhan, he said that Alibaba Pictures will shoot an animated version of "Princess Huanzhu" this year, and Alibaba Pictures 'major shareholder Zhao Wei will serve as the director.

Editor: vian