Tencent Grants Over 16 Million Shares to Employees Under Award Scheme

An announcement from Tencent Holdings Limited ( (HK:0700) ) is now available.

Tencent Holdings Limited announced the grant of 16,889,865 awarded shares to employee participants under its Share Award Scheme, representing approximately 0.1836% of the total shares in issue as of the announcement date. This move is part of Tencent’s strategy to retain and incentivize its employees, including senior management, by offering a vesting period ranging from 14 to 60 months, thus encouraging continuous contribution to the company’s long-term success and growth.

More about Tencent Holdings Limited

Tencent Holdings Limited is a leading technology company based in China, primarily engaged in various internet-related services and products, entertainment, AI, and technology. The company is known for its social networking platforms, digital content, and online advertising services, with a significant market presence in Asia and a growing influence globally.

YTD Price Performance: 29.61%

Average Trading Volume: 36,281

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $630.1B

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