GraceKennedy Limited (GK) has advised that pursuant to the terms of the GraceKennedy “2009 Stock Option Plan for Directors, Managers and Employees” approved by the stockholders of the Company at an Annual General Meeting held on May 27, 2009, and as part of the Long Term Incentive Scheme for the employees of the Company, the following Stock Options were approved by the Board of Directors on May 10, 2018, for thirty (30) senior management officers:
Total Stock Options: 1,759,004 stock units
Effective Date of Grant: May 10, 2018
Strike Price: The strike price, being the weighted average price of the shares on the Jamaica Stock Exchange for the previous three (3) trading days before the date on which the grant of Options was approved by the Board, that is $47.77.
Percentage of Issued Shares (in aggregate): Less than 0.177%