Winking Studios grants 1.95 million shares to employees

SINGAPORE - Winking Studios Limited, a company incorporated in the Cayman Islands and listed on the Singapore Exchange (OTC:SPXCY) Securities Trading Limited (SGX-ST) and the AIM Market of the London Stock Exchange (LON:LSEG), announced the grant of share awards under its Performance Share Plan (PSP). The awards, totaling 1.95 million shares, are set to be vested in tranches over a period stretching from 2029 to 2031.

The grant date for these awards is slated for April 21, 2025, with the market price of the shares determined by the closing market price on the day of the announcement. The company noted that the market price on the actual grant date will be updated if it differs from the initially disclosed price of 0.255 SGD.

The share awards are part of the Winking Studios Performance Share Plan (Winking PSP) and are designed to incentivize employees by tying their compensation to the company’s performance. The vesting of the shares is subject to the achievement of threshold targets and tenure of service by the employees. According to the plan’s structure, each tranche represents approximately one-third of the total awards and will vest at the end of its respective performance period.

No shares have been granted to any directors or controlling shareholders or their associates, ensuring that the allocation is focused on employees within the group. The company’s executive director and CEO, Johnny Jan, has ordered the announcement of this grant in compliance with the SGX-ST Listing Manual.

This move reflects Winking Studios Limited’s commitment to aligning the interests of its employees with the long-term objectives of the company and its shareholders. The information provided is based on a press release statement and aims to offer transparency to investors and the public regarding the company’s compensation practices.

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