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COSCO Shipping Energy Lowers Share Option Exercise Prices; Shares Down 7%

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COSCO Shipping Energy Transportation (HKG:1138, SHA:600026) lowered the exercise prices of share options granted under its 2023 share incentive scheme following its 2025 final dividend payment, according to a Friday Hong Kong bourse filing.

The company reduced the exercise price of initially granted share options to 11.84 yuan per share from 12.22 yuan per share, and lowered the exercise price of reserved share options to 11.50 yuan per share from 11.88 yuan per share.

The adjustment follows shareholder approval of a final cash dividend of 0.38 yuan per share for 2025 at the company's annual general meeting on Thursday.

Shares of the comany fell nearly 7% in Hong Kong and were down almost 5% in Shanghai recently.

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