AutoNavi Shareholders Ok 2013 Share Incentive Plan - Quick Facts

(RTTNews) - AutoNavi Holdings Limited (AMAP), a provider of digital map content and navigation and location-based solutions in China, announced that its shareholders adopted its resolutions at its annual general meeting of shareholders held in Hong Kong today.

The company announced the adoption of the company's 2013 Share Incentive Plan, under which, subject to other provisions of the plan, the Award Pool initially shall be equal to 13.83 million Shares, provided that, the Shares reserved in the Award Pool shall be increased automatically if and whenever the Shares reserved in the Award Pool account for less than one percent (1%) of the total then-issued and outstanding Shares on an as-converted basis, as a result of which increase the Shares reserved in the Award Pool immediately after each such increase shall equal five percent (5%) of the then-issued and outstanding Shares on an as-converted basis.

The company noted that its shareholders have authorized each director of the company to take any and every action that might be necessary to effect the foregoing resolution as such director, in his or her absolute discretion, thinks fit.