Tencent Holdings Limited (HK:0700) has released an update.
Tencent Holdings Limited has announced the grant of 31,781,943 awarded shares to employee participants under its Share Award Scheme, which constitutes approximately 0.3402% of the company’s total shares in issue. These grants, dated August 15, 2024, do not require shareholder approval and do not involve company directors, chief executives, or substantial shareholders. The vesting period for these shares ranges from 18 to 48 months, with the entire process adhering to regulatory guidelines to prevent insider trading.
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