Shanghai was the highest executive president of Suning Option 250 million – Su N
Announced the first batch of 34 executives granted 18,510,000 stock option plans were the second day, Zhang Jindong, chairman of Suning Appliance yesterday (January 30, 2007) in Shanghai, held here to participate in the annual "Supplier General Assembly. " Reporter noted, with Shanghai as the headquarters of the East China Zhang Jindong This time to create the second area is "rich team," an important area, sits the implementation of the second district of Shanghai East China Region president and general manager of Shanghai Ling Guosheng number of options granted to 250 million shares, in options granted to executives of 34 ranks first. Zhang Jindong, said yesterday that the stock incentive plan will not step in the future will continue the implementation.
Zhang Jindong reliance on the Shanghai market
Suning Appliance yesterday (January 30, 2007) Notice to be granted incentive stock options were the object 22 million, accounting for incentive plans announcement date Suning 3.05% of total share capital. East China, with Shanghai as the headquarters of the Second District has also made this a rich "powerhouse." In the first list of 34 equity incentive, the Ling Guosheng, President and Chief Executive with the North China Region Beijing Fan Zhijun, general manager of 2.5 million options were granted, tied for first. In addition, 349 million will be in stock options granted on December 31 this year, "chairman of the nomination of key personnel and special contribution to the staff", and in the special contributions for key personnel and personnel of the second program to be allocated, East China Second District is also the national headquarters of major regional headquarters and Management ranked No. 1. "Suning To East stronger foothold in Shanghai, Shanghai's status must be reflected." Zhang Jindong, said yesterday that he thought the Shanghai retail market, home appliances will also have 10-15% growth in space.
Incentive program will not step It is reported that the first grant of 18.51 million copies of stock option exercise price of 66.6 yuan. The first exercise of incentive targets for the surrendered a license after 12 months from the date of the first trading day, to authorize the 30 months from the date of the last trading day of the day only, the right to limit possible for the total amount of stock options granted 20%; nominated by the chairman of a special contribution to key personnel and personnel stock options granted to the part of the options granted since the date of practical completion of 12 months the right rear.
Second exercise of incentive targets for the surrendered a license after 30 months from the date of the first trading day, to authorize the 45 months from the date of the last trading day within the same day only, the right to limit to be feasible the total stock options granted to 40%; the third line of the right to surrender the object of incentives were authorized for the date 45 months after the first day onwards, to authorize the 60 months from the date of the last trading day ending on the date and feasible the right to limit the total amount for the stock options granted to 40%. It is noteworthy that during the period if any of his party fail to exercise the right conditions, then the corresponding period of the exercise of stock options by the Company for cancellation; to exercise the right of the line conditions, but not all of the exercise period of, is not part of the exercise of the option will also be the company off.
Exercise conditions easy to achieve The same time, the appropriate conditions for the exercise: In the first exercise period of Suning Appliance 2006 net profit growth rate over 2005 to reach or exceed 80%, and earnings per share for 2006 of not less than 0.9 yuan; The second exercise period of Suning Appliance 2007 net profit growth rate over 2006 to reach or exceed 50%, and 2007 earnings per share not less than 1.35 yuan; the third exercise period of Suning Appliance 2008 The net profit growth rate over 2007 to reach or exceed 30%, and 2008 earnings per share not less than 1.75 yuan. One fund manager, told this reporter, according to their understanding of the conditions of this exercise is not hard to achieve, which is expected to Suning net profit growth in 2006 at 100% of 2007 net profit increase of 100% the same. Zhang Jindong said, the report will be released around March 10.
Ling Guosheng introduced in 2007, Suning plans to open stores across the country throughout the year more than 200, and will maintain an annual growth rate of over 200 to 1,200 stores by 2010 the scale of 150 billion yuan in annual sales.
We are high quality suppliers, our products such as 4D Theater System , CHINA Customers Projects Manufacturer for oversee buyer. To know more, please visits 4D Cinema System.
Processing your request, Please wait....
