Sun Art Retail Group Limited - TodayIR.com
Sun Art Retail Group Limited - TodayIR.com
Sun Art Retail Group Limited - TodayIR.com
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REPORT OF DIRECTORS<br />
(7) This represents 6,783 shares in <strong>Group</strong>e Auchan S.A. granted pursuant to the <strong>Group</strong>e Auchan S.A. Free Shares<br />
Plan (2010-2014).<br />
(8) This represents stock options in respect of 1,498 shares in <strong>Group</strong>e Auchan S.A. granted pursuant to the <strong>Group</strong>e<br />
Auchan S.A. Stock Option Plan (2016).<br />
(9) This <strong>com</strong>prises 622 shares in <strong>Group</strong>e Auchan S.A.<br />
(10) This represents stock options in respect of 894 shares in <strong>Group</strong>e Auchan S.A. granted pursuant to the <strong>Group</strong>e<br />
Auchan S.A. Stock Option Plan (2009-2013).<br />
(11) This represents stock options in respect of 563 shares in <strong>Group</strong>e Auchan S.A. granted pursuant to the <strong>Group</strong>e<br />
Auchan S.A. Stock Option Plan (2010-2014).<br />
(12) This represents 4,070 shares in <strong>Group</strong>e Auchan S.A. granted pursuant to the <strong>Group</strong>e Auchan S.A. Free Shares<br />
Plan (2010-2014).<br />
(13) This represents stock options in respect of 772 shares in <strong>Group</strong>e Auchan S.A. granted pursuant to the <strong>Group</strong>e<br />
Auchan S.A. Stock Option Plan (2011-2015).<br />
Save as disclosed above, so far as known to any Directors, as at 31 December 2012, none of the directors<br />
or chief executives of the Company or any of their associates had or was deemed to have any interest<br />
or short position in the shares, underlying shares and debentures of the Company and its associated<br />
corporations as defined in Part XV of the SFO, which were required to be recorded in the register required<br />
to be kept under section 352 of the SFO, or otherwise required to be notified by the Directors or chief<br />
executives to the Company and the Stock Exchange pursuant to the Model Code.<br />
Directors’ Rights to Acquire Shares or Debt Securities<br />
At no time during the year was the Company or any of its holding <strong>com</strong>panies or its subsidiaries a party<br />
to any arrangements to enable the Directors to acquire benefits by means of the acquisition of shares in,<br />
or debentures of, the Company or any other body corporate.<br />
Directors’ Interest in Competing Business<br />
During the year, none of the Directors of the <strong>Group</strong> had any interests in a business which <strong>com</strong>petes,<br />
either directly, or indirectly, with the business of the Company or the <strong>Group</strong>.<br />
Share Option Scheme<br />
There is no share option scheme operated by the Company.<br />
Employee Trust Benefit Schemes<br />
The <strong>Group</strong> has in place an employee trust benefit scheme (“ETBS”) for the employees of the <strong>Group</strong>,<br />
including the directors and senior management, under each of the “Auchan” and “RT-Mart” banners of<br />
the <strong>Group</strong>. The ETBS of the Auchan banner (“Auchan Scheme”) and the ETBS of the RT-Mart banner<br />
(“RT-Mart Scheme”) are each implemented by way of a trust arrangement. The Auchan Scheme allows<br />
the employees of the Auchan Banner to share the success of ACI, a key operating subsidiary under the<br />
Auchan Banner while the RT-Mart Scheme allows the employees of the RT-Mart Banner to share the<br />
success of CIC, a key operating subsidiary under the RT-Mart Banner.<br />
28<br />
<strong>Sun</strong> <strong>Art</strong> <strong>Retail</strong> <strong>Group</strong> <strong>Limited</strong><br />
Annual Report 2012