News summary
GCL Technology (03800downloadcandycrushsoda.HK) The board of directors decided to delete the clause in the share award plan involving the issuance of new sharesdownloadcandycrushsoda, starting from April 30, 2024, the awarded shares will only be derived from existing shares acquired in the market.
Newsletter text
[GCL Technology (03800downloadcandycrushsoda.HK) The board of directors announced the cancellation of the terms of the share award plan to issue new shares] GCL Technology (03800.HK) revealed in an announcement on April 30downloadcandycrushsoda, the company's board of directors has decided to delete the relevant provisions of the share award plan involving the issuance and allotment of new shares under the plan, including the provisions involving professional trustees appointed by the board of directors, starting from April 30, 2024. After this adjustment, the awarded shares will only come from the company's existing shares purchased by the trustee on the market, and no new shares will be issued. As of the announcement date, no new shares have been issued under the plan. This change is expected to have a certain impact on secondary market investors.
