Alibaba Group Holding Ltd. ( (HK:9988) ) has provided an announcement.
Alibaba Group Holding Ltd. announced the grant of awards involving 7,664,079 underlying shares to certain employees under its 2024 Plan. This grant, representing approximately 0.04% of the total shares in issue, is not subject to shareholder approval and does not exceed the individual limit set by the Hong Kong Listing Rules. The awards have a mixed vesting schedule up to six years, with no performance targets attached, and include a clawback mechanism to reclaim shares or benefits under certain conditions.
More about Alibaba Group Holding Ltd.
Alibaba Group Holding Ltd. is a multinational conglomerate primarily operating in the e-commerce and technology industry. It offers a wide range of services including online retail, cloud computing, digital media, and entertainment, with a significant market presence in China and expanding globally.
YTD Price Performance: 64.68%
Average Trading Volume: 92,078,666
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$2579.3B
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