REG - Winking Studios Ltd - Grant of Share Awards

Winking StudiosAnnouncement

15/04/2025 07:02

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RNS Number : 9609E  Winking Studios Limited  15 April 2025

WINKING STUDIOS LIMITED

(Company Registration No. 159882)

(Incorporated in the Cayman Islands)

 

 GRANT OF SHARE AWARDS PURSUANT TO THE

 WINKING STUDIOS PERFORMANCE SHARE PLAN

In accordance with Rule 704(32) of the Singapore Exchange Securities Trading
Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist, the Board of
Directors (the "Board") of Winking Studios Limited (the "Company", together
with its subsidiaries, the "Group") hereby announces the details of the grant
of share awards ("Awards") pursuant to allocations under the Winking Studios
Performance Share Plan ("Winking PSP") to employees of the Group.

Pursuant to AIM Rule 17, further announcement(s) will be made on vesting and
issue of any new Shares issued pursuant to Awards under the Winking PSP.

Winking PSP

 Date of grant of Awards under the Winking PSP                                   21 April 2025
 Number of Shares which are the subject of the Awards granted under the Winking  1,950,000
 PSP
 Market price of Shares on the date of  the grant                                0.255 SGD (being the closing market price of the Shares on the date of this
                                                                                 announcement. Company will update on the market price of the Shares traded on
                                                                                 Catalist on 21 April 2025 in the event it differs from the market price as
                                                                                 disclosed herein).
 Number of Shares granted to each Director and controlling shareholder (and      Nil
 each of their associates), if any

 Vesting date of Shares awarded                                                  The Awards granted will be vested in tranches as set out below:

Tranche    Up to % of Awards  Vesting date/End of Performance Period
                                                                                 Tranche 1  33.33              2029
                                                                                 Tranche 2  33.33              2030
                                                                                 Tranche 3  33.34              2031

A specified number of Shares will be released to the participants at the end
                                                                                 of each performance period, subject to threshold targets and tenure of service
                                                                                 being achieved by the respective employees.

A specified number of Shares will be released to the participants at the end
of each performance period, subject to threshold targets and tenure of service
being achieved by the respective employees.

 

 

 

 

BY ORDER OF THE BOARD

 

MR. JOHNNY JAN

Executive Director and Chief Executive Officer (Founder)

 

15 April 2025

 

Enquiries

 Singapore                                                              UK
 Winking Studios Limited                                                Via Alma

 Johnny Jan, Executive Director and Chief Executive Officer (Founder)

 Oliver Yen, Finance Director and Group Chief Financial Officer
 8PR Asia (Singapore Investor Relations)                                Alma Strategic Communications

 Alex Tan                                                               Justine James / David Ison / Emma Thompson

 +65 9451 5252                                                          +44 (0)20 3405 0205

 alex.tan@8prasia.com (mailto:alex.tan@8prasia.com)                     WKS@almastrategic.com (mailto:WKS@almastrategic.com)
 PrimePartners Corporate Finance Pte. Ltd. (Sponsor)                    Strand Hanson Limited

 Foo Jien Jieng                                                         (Financial and Nominated Adviser)

 sponsorship@ppcf.com.sg (mailto:sponsorship@ppcf.com.sg)               James Harris / James Bellman

                                                                        +44 (0)20 7409 3494
                                                                        SP Angel Corporate Finance LLP (Broker)

                                                                        Stuart Gledhill / Charlie Bouverat (Corporate Finance) Abigail Wayne / Rob
                                                                        Rees (Corporate Broking)

                                                                        +44 (0)20 3470 0470

 

 

Winking Studios Limited (the "Company") was listed on the Catalist of the
Singapore Exchange Securities Trading Limited (the "Exchange") on 20 November
2023 and was dual listed on AIM Market of the London Stock Exchange on 14
November 2024. The initial public offering and listing of the Company on the
Catalist of the SGX-ST was sponsored by PrimePartners Corporate Finance Pte.
Ltd. (the "Sponsor"). This announcement has been reviewed by the Sponsor. It
has not been examined or approved by the Exchange and the Exchange assumes no
responsibility for the contents of this announcement, including the
correctness of any of the statements or opinions made or reports contained in
this announcement. The contact person for the Sponsor is Ms. Foo Jien Jieng,
16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318,
sponsorship@ppcf.com.sg.

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

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