GraceKennedy Limited (GK) has advised that 2,630 GK shares were issued to officers of the company pursuant to the exercise of stock options.
GK also advised that the transfers were effected on July 20, 2016 pursuant to the participants’ indication of the exercise of their stock options. In addition, the options exercised were under the cashless settlement option method under which participants were allocated stock units representative of the gain that they would have had on the sale of the shares at the strike price and current market values.
