Notes to the Financial Statements - Swissco Holdings Limited

Directors'
Report
For the financial year ended 31 December 2009
Directors’ interests in shares or debentures (continued)
(b)
According to the register of directors’ shareholdings, certain directors holding office at the end of the
financial year had interests in options to subscribe for ordinary shares of the Company granted pursuant to
the Swissco Share Option Scheme as set out below and under “Share options” in this report.
Number of unissued
ordinary shares under option
At
31.12.2009
At
1.1.2009
Yeo Chong Lin 1,500,000 1,000,000
Alex Yeo Kian Teong 1,200,000 700,000
Phillip Chan Yee Foo 300,000 200,000
Fong Hin Tat 250,000 150,000
Kwah Thiam Hock 100,000 –
(c)
(d)
Mr Yeo Chong Lin and Mr Alex Yeo Kian Teong, who by virtue of their deemed interests of not less than
20% in the issued share capital of the Company, are deemed to have interests in the whole of the share
capital of the Company’s wholly owned subsidiaries.
The directors’ interests in the ordinary shares of the Company as at 21 January 2010 were the same as
those as at 31 December 2009.
Directors’ contractual benefits
Since the end of the previous financial year, no director has received or become entitled to receive a benefit
by reason of a contract made by the Company or a related corporation with the director or with a firm of which
he is a member or with a company in which he has a substantial financial interest, except as disclosed in the
accompanying financial statements and in this report, and that Mr Yeo Chong Lin and Mr Alex Yeo Kian Teong
have employment relationships with the Company, and have received remuneration in that capacity.
Share options
(a)
Swissco Share Option Scheme
The Swissco Share Option Scheme (the “Scheme”) was approved by the members of the Company
at an Extraordinary General Meeting on 21 October 2004. The purpose of the Scheme is to provide an
opportunity for employees, executive directors and non-executive directors who have contributed to the
growth and development of the Group to participate in the equity of the Company as well as to motivate
and optimise their performance and to align their interests with the Group.
The aggregate number of Scheme shares issuable under the Scheme shall not exceed 15% of the issued
shares of the Company (“Scheme Limit”). The number of shares comprised in any options to be offered to
a participant in the Scheme shall be determined at the absolute discretion of the Remuneration Committee,
who shall take into account criteria such as the rank, the past performance, years of service, potential for
future development and contribution of the participant.
The Scheme does not allow options to be granted at a discount to a subscriber of the Scheme shares.
Swissco International Limited Annual Report 2009
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