Re-pricing of options

 

TIDMETC 
 
RNS Number : 9079T 
Et-china.com International Holdings 
15 June 2009 
 
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For Immediate Release 
                                                15 June 2009 
 
 
 
 
ET-CHINA.COM INTERNATIONAL HOLDINGS LIMITED 
("Et-china", "the Group" or "the Company") 
 
 
 
 
Re pricing of existing share options 
 
 
 
 
The Et-China.com Board's Remuneration Committee has reviewed the options 
packages of all employees to ensure they are properly incentivised in the 
future.  As a result, a revised option plan has been agreed as follows. 
 
1.    All existing options (for directors GBP1.46 and management GBP1.02 except 
for those management 
 

      who joined prior to 2004 see (b) below) will be 
re-priced immediately at market price, which is defined 
 

       as volume 
weighted average price (VWAP) for the 6 months immediately prior to 9th June 
2009. Such 
 

       VWAP was GBP0.40 on 9 June 2009, with the following 
conditions: 
 
 
a)   Such re-pricing will only apply to staff who are still employed by the 
Group as at 30 June 2009; 
b)   For those management who joined before 31 December 2003, their exercise 
price is re-set 
 

     at GBP0.20.Only 400,000 options are subject to this 
re-pricing. 
c)   Although eligible as they have both worked for Et-china since inception, 
the two 
 

     executive directors, Matthew Ng and Kitty Yang, 
have volunteered that their options shall not be 
 

     subject to (b) 
above.  Their options will be re-priced at GBP0.40 as set out in (a) above. 
 
2.    All future options will be issued at market price which is set at 6 month 
VWAP 
 
 
 
 
+-----------------------------------------+------------------------------+ 
| Et-china.com International Holdings     |                0207 067 0700 | 
| Limited                                 |                              | 
+-----------------------------------------+------------------------------+ 
| Matthew Ng, President and Chief         |                              | 
| Executive                               |                              | 
+-----------------------------------------+------------------------------+ 
|                                         |                              | 
+-----------------------------------------+------------------------------+ 
| Seymour Pierce, Nominated Adviser and   |                0207 107 8000 | 
| Broker                                  |                              | 
+-----------------------------------------+------------------------------+ 
| Mark Percy                              |                              | 
| Catherine Lefley                        |                              | 
+-----------------------------------------+------------------------------+ 
|                                         |                              | 
+-----------------------------------------+------------------------------+ 
| Weber Shandwick Financial               |                0207 067 0700 | 
+-----------------------------------------+------------------------------+ 
| Terry Garrett                           |                              | 
| Stephanie Badjonat                      |                              | 
| John Moriarty                           |                              | 
+-----------------------------------------+------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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