96 Notes to Condensed Consolidated Financial Information 30 June 2024 STRENGTH IN UNITY 28. SHARE-BASED COMPENSATION PLAN (continued) C. Long Term Incentive Scheme (continued) The following awarded shares were outstanding under the Long Term Incentive Scheme during the six months ended 30 June 2024: Weighted average share price at grant date Number of awarded shares HK$ ’000 At 1 January 2023 13,722 Granted during the year 11.69 8,262 Cancelled during the year 23.49 (4,174) Vested during the year 21.76 (3,403) At 31 December 2023 (audited) and at 1 January 2024 14,407 Cancelled during the period 17.29 (1,255) Vested during the period 20.25 (2,988) At 30 June 2024 (unaudited) 10,164 The share price at grant date and vesting periods of the awarded shares outstanding under the Long Term Incentive Scheme outstanding as at 30 June 2024 and 31 December 2023 are as follows: Number of awarded shares (’000) Share price at grant date per share Exercise period 30 June 2024 31 December 2023 581 1,008 HK$24.35 23–02–22 to 30–06–25 3,161 5,631 HK$22.70 08–06–22 to 08–06–26 — 316 HK$12.90 20–04–23 to 31–12–26 1,382 2,166 HK$11.32 25–05–24 to 25–05–27 413 413 HK$11.32 08–06–23 to 08–06–26 113 150 HK$11.32 25–05–24 to 25–05–27 69 69 HK$11.32 01–10–23 to 01–10–24 3,040 3,249 HK$11.32 15–05–25 to 15–05–27 843 843 HK$12.88 20–07–23 to 30–06–27 562 562 HK$12.88 20–07–23 to 20–07–27 10,164 14,407 The fair value of the awarded shares was determined based on the market value of the Company’s shares at the grant date. There were no shares awarded during the financial period ended 30 June 2024. The total expense recognised in respect of the Long Term Incentive Scheme adopted by the Company for the period ended 30 June 2024 was US$5,686,000. As at 30 June 2024, the Company had 10,164,000 awarded shares outstanding under the Long Term Incentive Scheme, which represented approximately 0.24% of the Company’s shares in issue as at that date.
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