Festa Technologies (01782) : Termination of share award plan

2022-05-13 0 By

Festa Technology Co., LTD. (01782) announces that the Board of Directors has reviewed the company’s overall policy as well as the costs and benefits of maintaining the share award program and approved the termination of the share award Program in accordance with the program rules on March 25, 2022.No further award shall be made after termination.The Board believes that the termination will not have any material adverse effect on the Company and is in the overall best interests of the Company and its shareholders.The Board is of the opinion that the termination will not affect any continuing rights of any selected participant under the Scheme.