National Futures and Commodities Exchange Announces Workers Share Award Scheme
Summary
Press Releases National Futures and Commodities Exchange Press Release Receive press releases from National Futures and Commodities Exchange: By Email RSS Feeds: National Futures and Commodities Exchange Announces Workers Share Award Scheme On January 25, 2013, the Board of Directors excitedly revealed in a Memorandum the Workers Share Award Scheme (WSAS).London, United Kingdom, January 29, 2013 --( Pursuant to the Worker’s Share Award Scheme, the Board unanimously decided to distribute the shares to a few selected employees as a gesture of appreciation to their valuable contributions and endow motivation purposefully to retain them for the continual operation and development of National Futures and Commodities Exchange.Based on todays closing price of $52.30 per share, the award amounted to approximately $25M.Particulars of the Worker’s Share Award Scheme regulations are available from National Futures and Commodities Exchange Resource Center.Based on todays closing price of $52.30 per share, the award amounted to approximately $25M.The Awarded Shares and the attached proceeds consequent there are subject to a vesting scale by which the Awarded Shares and the related income will be vested on the Selected Employees in tranches of 27% each on every anniversary date of the Reference Date starting from the second anniversary date until the fifth.