The plan is valid for 48 months.
Global InfoTech, Silverlake Axis’ associated company in China, has obtained the approval of GIT’s shareholders for GIT’s restricted employee shares incentive plan.
According to a press release by Silverlake Axis, the plan is for a limit of 1,600,000 GIT’s shares to 100 eligible employees for RMB20.89/share.
“The Plan is valid for 48 months from the Grant Date with a moratorium period of 12 months. The eligible employee can apply to uplift their shares to trade in ChiNext of the Shenzhen Stock Exchange for 30%,” the statement said.
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