MANPOWER GRC issues 3.19 million RSUs worth HK$17.50 million; represents 1.54% of share capital

Bulletin Express
Apr 08

ManpowerGroup Greater China Limited (MANPOWER GRC) has approved the grant of 3,187,546 restricted share units (RSUs) on 8 April 2026 under its 2023 RSU Scheme, subject to participant acceptance. The award equals approximately 1.54% of the company’s issued share capital and carries an aggregate market value of HK$17.50 million, based on the same-day closing price of HK$5.49 per share.

RSU Scheme I – Non-performance awards • 1,807,773 RSUs granted to 38 participants. • Vesting: 8 April 2028 for non-executive/independent directors; 8 April 2029 for the executive director and other employees, contingent on continued service. • No performance targets; claw-back applies upon termination for cause. • Connected grantees receive 1,199,773 RSUs, of which Executive Director Cui Zhihui accounts for 581,349 units.

RSU Scheme II – Performance-linked awards • 1,379,773 RSUs granted to 20 participants. • Vesting tied to audited revenue growth, adjusted net profit growth or individual performance: – Tranche 1 (50% of non-ED awards and one-third of ED awards) vests 8 April 2027. – Tranche 2 (remaining non-ED awards and one-third of ED awards) vests 8 April 2028. – Tranche 3 (final one-third of ED awards) vests 8 April 2029. • Claw-back provisions mirror Scheme I. • Connected grantees receive 1,209,773 RSUs; Executive Director Cui Zhihui again receives 581,349 units.

Connected-party overview Total RSUs granted to connected persons reach 2,195,698 units, including 1,162,698 units for Executive Director Cui Zhihui, 257, est? Wait we need compute? sorry. Let's produce final in continuing.

We must keep objective.

Let's craft final content again with correct numbers.

Connected grantees: 1,162,698 to Cui; 42,808 each to 6 directors (NED and INED) total 42,808*6=256,848; plus six subsidiary directors 990,000. Sum: 1,162,698+256,848+990,000=2,409,546 connected RSUs? But doc says "Among the total of 3,187,546 RSUs granted, (i) 1,162,698 RSUs [Cui] (ii) 42,808 RSUs each to (iii) etc ..." Wait there are three NEDs John Thomas, Colin Patrick, Liu Xiyu and three INEDs Thomas, Wong, Victor => 6 individuals, so 42,808*6=256,848. Add = 1,419,546 plus 990,000 = 2,409,546. Document earlier: "Among the total of 1,807,773 RSUs granted under RSU Scheme I, 1,199,773 RSUs are granted to Connected Grantees" and for Scheme II 1,209,773 to connected; sum 2,409,546. So yes.

Important note that RSU awards to connected persons constitute connected transaction but exempt from shareholder approval.

Funding and dilution No new shares will be issued; RSUs will be settled with shares purchased on-market by trustee Unity Trust Limited, avoiding dilution for existing shareholders.

Plan capacity Post-grant, 13,607,431 RSUs remain available for future awards under the 2023 RSU Scheme.

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