WISDOM EDU INTL (06068.HK): Terminates Share Award Scheme
- The scheme was adopted on 7 June 2017 and terminated with effect from 14 October 2026.
- All shares held by the trustee were existing shares purchased on the Stock Exchange; no new shares were issued.
- Remaining shares in the trust fund will be sold and the net proceeds will revert to the Company.
NewTimeSpace News: On 14 October 2026, Wisdom Education International Holdings Company Limited (06068.HK) announced that, as the 10-year term of the share award scheme is about to expire and to reduce administrative resources, the board resolved to terminate the scheme with effect from 14 October 2026. The scheme was adopted by the Company on 7 June 2017.
All shares held by the trustee for the scheme were existing shares purchased by the trustee on the Stock Exchange, so no new shares were issued in respect of any awards granted under the scheme. Upon expiry of the trust period, the remaining shares in the trust fund will be sold by the trustee, and the net proceeds together with other remaining funds and property (after deducting costs, expenses and liabilities) will revert to the Company. The board considers the termination will not have any material adverse impact on the Group.
