Examples of WHB Board in a sentence
The WHB Board has undertaken to OCBC and the Offeror that it will not exercise its discretion under the Employee Incentive Plan to determine that any Awards granted under the Employee Incentive Plan should continue to vest in accordance with the terms of the Employee Incentive Plan even after the Offers are declared or have become unconditional as to acceptances.
The directors of the Offeror and the new directors to be appointed to the WHB Board jointly and severally undertook to the Stock Exchange to take appropriate steps to ensure that sufficient public float exists in the WHB Shares.
Your attention is also drawn to the letter from the WHB Board on pages 23 to 28, the letter from the Independent Board Committee on pages 29 to 30 and the letter from the Independent Financial Adviser on pages 31 to 53 of this Composite Document.
When complete it will be an overall upgrade to an under- invested portion of the 1400 Block of Vine Street.
In particular, the WHB Board notes and welcomes the Offeror and OCBC’s commitment towards WHB’s Employees.
Accordingly, as the WHB Board has undertaken to OCBC and the Offeror that it will not exercise its discretion under the Employee Incentive Plan to determine that any Awards granted under the Employee Incentive Plan should continue to vest in accordance with the terms of the Employee Incentive Plan even after the Offers are declared or have become unconditional as to acceptances, all the outstanding Awards will automatically vest on the Offer Unconditional Date.
If the Pre-Conditions are satisfied or waived on or before 30 June 2014 then WHB Shareholders should be aware that there can be no certainty that the WHB Board will declare a 2014 Interim Dividend or, if a 2014 Interim Dividend is declared, that there is no certainty as to the amount and/or timing of any such interim dividend.
The WHB Board has undertaken to OCBC and the Offeror that it will not exercise its discretion under the Employee Incentive Plan to determine that any outstanding Awards should continue to vest as originally in accordance with the Employee Incentive Plan even after the Offers are declared or have become unconditional as to acceptances.
Final Dividend On 6 March 2014, the WHB Board announced the audited results of WHB for the year ended 31 December 2013 and recommended the payment of the Final Dividend.
In that event, on or around 1 July 2014, the WHB Board will declare the 2014 Interim Dividend up to an amount of HK$0.46 per WHB Share (which is the same amount as the interim dividend in 2012 and 2013).