Annual Report - QuamIR
Annual Report - QuamIR Annual Report - QuamIR
Notes to the Consolidated Financial Statements (Continued) 34 Share capital (Continued) Notes: (Continued) 34 (e) Share options are granted to employees, senior executives or officers, managers, directors or consultants of any members of the Group or any Invested Entity. (e) The exercise price must be at least the higher of (i) the closing price of the shares as stated in the Stock Exchange’s daily quotations sheet on the date of grant; (i) (ii) the average closing price of the shares as stated in the Stock Exchange’s daily quotation sheets for the five business days immediately preceding the date of grant; and (ii) (iii) the nominal value of a share. (iii) An option must be exercised within ten years from the date on which it is granted or such shorter period as the Board may specify at the time of grant. An offer of the grant of an option shall remain open for acceptance for a period of ten business days from the date of offer and a consideration of HK$1 must be paid upon acceptance. 1 Movements in the number of share options outstanding and their related weighted average exercise prices are as follows: Average exercise price in HK dollar per share Number of options At 1 January 2010 1.465 235,840,000 Granted before the issue of bonus shares 0.630 30,000,000 Lapsed before the issue of bonus shares 1.431 (53,350,000) Issue of bonus shares – 21,249,000 Granted after the issue of bonus shares 0.488 30,000,000 Lapsed after the issue of bonus shares 1.227 (6,655,000) At 31 December 2010 1.145 257,084,000 At 1 January 2011 1.145 257,084,000 Granted 0.360 10,000,000 Lapsed 0.997 (82,005,000) At 31 December 2011 1.168 185,079,000 164 HKC (Holdings) Limited • Annual Report 2011
Notes to the Consolidated Financial Statements (Continued) 34 Share capital (Continued) Notes: (Continued) 34 (e) (Continued) Number of outstanding share options at 31 December 2011 and 2010 are as follows: (e) Date of grant Exercise period Exercise price per share (adjusted) (HK$) At 31 December 2011 At 31 December 2010 15 December 2006 15 December 2007 to14 December 2016 1.174 7,774,250 14,792,250 15 December 2006 15 December 2008 to 14 December 2016 1.174 13,582,250 25,077,250 15 December 2006 15 December 2009 to 14 December 2016 1.174 14,822,500 17,847,500 3 July 2007 15 December 2007 to 2 July 2017 1.901 6,050,000 6,050,000 3 July 2007 15 December 2008 to 2 July 2017 1.901 3,025,000 3,025,000 3 July 2007 15 December 2009 to 2 July 2017 1.901 3,025,000 3,025,000 1 February 2008 1 February 2009 to 31 January 2018 1.368 19,360,000 24,853,400 1 February 2008 1 February 2010 to 31 January 2018 1.368 29,040,000 37,280,100 1 February 2008 1 February 2011 to 31 January 2018 1.368 48,400,000 62,133,500 20 January 2010 20 January 2011 to 19 January 2013 0.573 – 6,600,000 20 January 2010 20 January 2012 to 19 January 2014 0.573 – 9,900,000 20 January 2010 20 January 2013 to 19 January 2015 0.573 – 16,500,000 1 September 2010 1 September 2011 to 31 August 2013 0.488 6,000,000 6,000,000 1 September 2010 1 September 2012 to 31 August 2014 0.488 9,000,000 9,000,000 1 September 2010 1 September 2013 to 31 August 2015 0.488 15,000,000 15,000,000 10 June 2011 10 June 2012 to 9 June 2014 0.360 2,000,000 – 10 June 2011 10 June 2013 to 9 June 2015 0.360 3,000,000 – 10 June 2011 10 June 2014 to 9 June 2016 0.360 5,000,000 – Total 185,079,000 257,084,000 Number of options exercisable 151,079,000 131,950,500 Other details of the share option schemes are set out in the Report of the Directors. • 165
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Notes to the Consolidated Financial Statements (Continued)<br />
<br />
34 Share capital (Continued)<br />
Notes: (Continued)<br />
34 <br />
<br />
(e)<br />
(Continued)<br />
Number of outstanding share options at 31 December 2011 and 2010<br />
are as follows:<br />
(e)<br />
<br />
<br />
<br />
Date of grant<br />
<br />
Exercise period<br />
<br />
Exercise price<br />
per share<br />
(adjusted)<br />
<br />
<br />
(HK$)<br />
<br />
At<br />
31 December<br />
2011<br />
<br />
<br />
At<br />
31 December<br />
2010<br />
<br />
<br />
15 December 2006 15 December 2007 to14 December 2016 1.174 7,774,250 14,792,250<br />
<br />
15 December 2006 15 December 2008 to 14 December 2016 1.174 13,582,250 25,077,250<br />
<br />
15 December 2006 15 December 2009 to 14 December 2016 1.174 14,822,500 17,847,500<br />
<br />
3 July 2007 15 December 2007 to 2 July 2017 1.901 6,050,000 6,050,000<br />
<br />
3 July 2007 15 December 2008 to 2 July 2017 1.901 3,025,000 3,025,000<br />
<br />
3 July 2007 15 December 2009 to 2 July 2017 1.901 3,025,000 3,025,000<br />
<br />
1 February 2008 1 February 2009 to 31 January 2018 1.368 19,360,000 24,853,400<br />
<br />
1 February 2008 1 February 2010 to 31 January 2018 1.368 29,040,000 37,280,100<br />
<br />
1 February 2008 1 February 2011 to 31 January 2018 1.368 48,400,000 62,133,500<br />
<br />
20 January 2010 20 January 2011 to 19 January 2013 0.573 – 6,600,000<br />
<br />
20 January 2010 20 January 2012 to 19 January 2014 0.573 – 9,900,000<br />
<br />
20 January 2010 20 January 2013 to 19 January 2015 0.573 – 16,500,000<br />
<br />
1 September 2010 1 September 2011 to 31 August 2013 0.488 6,000,000 6,000,000<br />
<br />
1 September 2010 1 September 2012 to 31 August 2014 0.488 9,000,000 9,000,000<br />
<br />
1 September 2010 1 September 2013 to 31 August 2015 0.488 15,000,000 15,000,000<br />
<br />
10 June 2011 10 June 2012 to 9 June 2014 0.360 2,000,000 –<br />
<br />
10 June 2011 10 June 2013 to 9 June 2015 0.360 3,000,000 –<br />
<br />
10 June 2011 10 June 2014 to 9 June 2016 0.360 5,000,000 –<br />
<br />
Total 185,079,000 257,084,000<br />
Number of options exercisable 151,079,000 131,950,500<br />
Other details of the share option schemes are set out in the <strong>Report</strong> of<br />
the Directors.<br />
<br />
•<br />
165
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