Hong kong image
ARTICLE
4 December 2024
ISSUE OF SHARES PURSUANT TO EMPLOYEE SHARE INCENTIVE SCHEME
External News

ASMPT

Design and strategy
All plan types
Hong Kong

ASMPT Limited has announced the issuance and allotment of 1,953,200 Awarded Shares under its employee share incentive scheme, representing approximately 0.47% of its existing and enlarged issued share capital. These shares, issued at a nominal value of HK$0.10 each, aim to incentivize and retain valuable employees and will rank equally with existing shares in terms of rights and privileges. The total funds raised, HK$195,320, will be used as general working capital, with an application made to the Hong Kong Stock Exchange for listing and trading of the newly issued shares.

ARTICLE
11 April 2024
OVER 80% OF HONG KONG-LISTED COMPANIES INCLUDE AN EMPLOYEE SHARE PLAN IN THEIR REMUNERATION STRATEGY
External News

Human Resorces Online

Design and strategy
All plan types
Hong Kong

The information technology sector leads investments in employee share schemes in Hong Kong, contributing HK$38.5 billion, which accounts for over half of the total annual spend of HK$72 billion among listed companies. The adoption of employee share plans has surged over the past decade, with 83.6% of listed companies now offering them, primarily in the form of share options and share awards, the former being more common among smaller companies. Larger companies tend to have a mix of both options and awards, with the healthcare and IT sectors showing the highest adoption rates for share awards, at 58.7% and 46.6%, respectively.

2.5 Mastering Share Sourcing and Sales: Strategies for Effective Employee Share Plans

Setting up an employee share plan involves crucial decisions about sourcing shares and managing sales effectively. Join Ghal and Tom from EQ's Corporate Dealing team, Ben McCarthy from Linklaters and Rob Lyons from M&S as they share their extensive experience in this area.  They’ll cover current trends in sourcing shares, looking at new issue or market purchase, along with key considerations for an issuer and their finance team.  Discover strategies for hedging, managing large share sales and using the Employee Benefit Trust to your advantage. There will be focus on the recent changes to dilution limits in the Investment Association’s Principles of Remuneration.

KEY LEARNINGS:

  • Learn strategies for sourcing shares, planning in advance for your share plan vesting whilst managing headroom and dilution limits.
  • Understand how an issuer can use various approaches across their share plan grants to keep their finance team and employees happy.
  • Discover effective liquidity management techniques to ensure an orderly market at vesting.
Speaker/Author

Ghal Supple, Equiniti
Tom McCulloch, Equiniti
Ben McCarthy, Linklaters
Robert Lyons, Marks and Spencer

Event date
Wednesday, 13 Nov 2024, 13:10 - 14:00
Breakout series
Location
Affiliation Hub 2
Field of Study
Specialized Knowledge
Level
O
ARTICLE
11 April 2024
OVER 80% OF HONG KONG-LISTED COMPANIES INCLUDE AN EMPLOYEE SHARE PLAN IN THEIR REMUNERATION STRATEGY
External News

Human Resources Online

Data and business intelligence
All plan types
Hong Kong

Hong Kong-listed IT companies led investments in employee share plans with HK$38.5 billion, representing over half of the total spending in 2022. Healthcare followed with HK$11.5 billion and consumer discretionary with HK$9.7 billion. The adoption of employee share plans surged over the past decade, reaching 83.6% of listed companies by 2022, up from 66.1% in 2012, driven by strategies to attract and retain talent through share options and awards.

ARTICLE
30 May 2024
IT SECTOR LEADING INVESTMENT IN EMPLOYEE SHARE PLANS IN HONG KONG
External News

IT Brief Asia 

Trending now
All plan types
Hong Kong

Hong Kong-listed IT companies lead in investing heavily in employee share plans to attract and retain talent, with the sector accounting for 53.5% (HK$38.5 billion) of total investments in 2022, surpassing healthcare and consumer discretionary sectors. Share options and awards are popular types of plans, with options predominant but awards also significant, especially in healthcare. The rise in share plan adoption, now at 83.6% of listed companies, reflects competitive job markets and efforts to foster employee commitment and motivation.

ARTICLE
20 May 2024
HONG KONG'S PASSION FOR EMPLOYEE EQUITY
external article

Asia Business Outlook

General
All plan types
Hong Kong

Jennifer Sun, Head of Plan Managers Asia at Computershare, highlights how Hong Kong-listed companies are increasingly using equity as employee remuneration to attract top talent. Computershare's research indicates that 83.6% of these companies now include an employee share plan, a significant increase from 66.1% a decade ago, with HK$72 billion invested in 2022. Employee share plans, including share options and share awards, are popular across various sectors, particularly IT and healthcare, and are seen as essential for aligning employee and company goals and improving retention.

NEWS
7 August 2023
ENFORCEMENT OF DODD-FRANK CLAWBACK POLICIES UNDER FOREIGN LAW
article

Duncan A. W. Abate, Miriam Bruce, Aline Fidelis, Christopher Fisher, Régine Goury, Julien Haure, Dr. Hagen Köckeritz, Ryan J. Lieb, Laura D. Richman, Jad A. Taha,  Jennifer C. W., Tam Hong 

Executive pay
Finance, tax and accounting
Executive plans
Stock options
France
Germany
Greater China
Hong Kong
Singapore
UK and Channel Islands
USA

The article discusses the enforcement of Dodd-Frank clawback policies under foreign law, focusing on executive compensation. The US SEC's Rule 10D-1 mandates the recovery (clawback) of incentive-based executive compensation in the event of accounting restatements. The NYSE and Nasdaq proposed listing standards to comply with this rule. The article explores how clawback policies could be enforced in various countries including Brazil, China, France, Germany, Hong Kong, Singapore, the United Arab Emirates, and the United Kingdom. It addresses aspects such as enforceability under local law, deducting amounts from future compensation, and provisions to enhance enforcement. The application of these policies varies across jurisdictions based on legal frameworks and regulatory guidelines.

READ THIS ARTICLE

Dr. Adie Leung, FGE

Dr. Adie Leung, FGE

Adie transformed her career from an auditor in public accounting to an in-house mobility compensation and tax specialist at Citi 22 years ago, where she started her involvement in employee share ownership. In her last role, she was responsible for Citi’ share plan strategic and operation management including specific plan designs for Asia countries with local regulatory requirements. She sat in Citi’s global steering committees for equity compensation and global process owner projects for cross-border employees, mobility and equity compensation.