International Housewares Retail Grants Shares in Award Scheme

International Housewares Retail Co (HK:1373) has released an update.

International Housewares Retail Company Limited has granted 1,097,000 awarded shares as part of its Share Award Scheme, representing about 0.15% of its issued share capital. These shares, valued at approximately HK$1,163,000, will be vested over two years and include a portion for an executive director as part of his remuneration. The grant does not involve issuing new shares, avoiding any dilution to current shareholders.

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