Annual Report - QuamIR
Annual Report - QuamIR Annual Report - QuamIR
Report of the Directors (Continued) Share Option Schemes (Continued) Share Options of the Company (Continued) (d) Maximum entitlement of each Eligible Person The total number of shares of the Company issued and to be issued upon exercise of options (whether exercised or outstanding) granted in any 12-month period to: (d) (i) each Eligible Person must not exceed 1% of the shares of the Company in issue; (i) 1% (ii) a substantial shareholder or an Independent Non-executive Director of the Company must not exceed 0.1% of the shares of the Company in issue and not exceed HK$5 million in aggregate value. (ii) 0.1% 5,000,000 (e) Period within which the shares must be taken up under an option 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. (e) (f) Minimum period, if any, for which an option must be held At the time of the grant of an option, the Board must specify the minimum period(s), if any, for which an option must be held before it can be exercised. (f) (g) Period open for acceptance of an option and amount payable upon acceptance 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$1.0 must be paid upon acceptance. (g) 1.0 (h) Basis of determining the subscription price of an option The exercise price must be at least the higher of (i) the closing price of the shares as stated in daily quotations sheet on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) on the date of grant; (ii) the average closing prices of the shares as stated in the Stock Exchange’s daily quotation sheets for the five business days immediately preceding the date of grant; and (iii) the nominal value of a share. (h) (i) (ii) (iii) (i) Remaining life The HKC Option Scheme has a life of ten years and will expire on 16 June 2016 unless otherwise terminated in accordance with the terms of the HKC Option Scheme. (i) 36 HKC (Holdings) Limited • Annual Report 2011
Report of the Directors (Continued) Share Option Schemes (Continued) Share Options of the Company (Continued) Movements of share options granted under the HKC Option Scheme during the year are as follows: Number of share options Name Nature of interest Outstanding at 1 January 2011 Granted Exercised Cancelled/ Lapsed Outstanding at 31 December 2011 Date of grant Exercise period Exercise price per share (HK$) Directors OEI Kang, Eric Personal Family 680,625 – – – 680,625 15 December 2006 1,134,375 – – – 1,134,375 15 December 2006 363,000 – – – 363,000 1 February 2008 544,500 – – – 544,500 1 February 2008 907,500 – – – 907,500 1 February 2008 680,625 – – – 680,625 15 December 2006 1,134,375 – – – 1,134,375 15 December 2006 15 December 2007 to 14 December 2016 15 December 2008 to 14 December 2016 1 February 2009 to 31 January 2018 1 February 2010 to 31 January 2018 1 February 2011 to 31 January 2018 15 December 2007 to 14 December 2016 15 December 2008 to 14 December 2016 1.174 1.174 1.368 1.368 1.368 1.174 1.174 • 37
- Page 1 and 2: HKC (HOLDINGS) LIMITED (incorporat
- Page 3 and 4: Contents 2 Corporate Information
- Page 5 and 6: Corporate Information (Continued)
- Page 7 and 8: Chairman’s Statement (Continued)
- Page 9 and 10: Chairman’s Statement (Continued)
- Page 11 and 12: Management Discussion and Analysis
- Page 13 and 14: Management Discussion and Analysis
- Page 15 and 16: Management Discussion and Analysis
- Page 17 and 18: Corporate Governance Report (Contin
- Page 19 and 20: Corporate Governance Report (Contin
- Page 21 and 22: Corporate Governance Report (Contin
- Page 23 and 24: Corporate Governance Report (Contin
- Page 25 and 26: Corporate Governance Report (Contin
- Page 27 and 28: Corporate Governance Report (Contin
- Page 29 and 30: Directors and Senior Management (Co
- Page 31 and 32: Directors and Senior Management (Co
- Page 33 and 34: Directors and Senior Management (Co
- Page 35 and 36: Report of the Directors (Continued)
- Page 37: Report of the Directors (Continued)
- Page 41 and 42: Report of the Directors (Continued)
- Page 43 and 44: Report of the Directors (Continued)
- Page 45 and 46: Report of the Directors (Continued)
- Page 47 and 48: Report of the Directors (Continued)
- Page 49 and 50: Report of the Directors (Continued)
- Page 51 and 52: Report of the Directors (Continued)
- Page 53 and 54: Report of the Directors (Continued)
- Page 55 and 56: Report of the Directors (Continued)
- Page 57 and 58: Report of the Directors (Continued)
- Page 59 and 60: Report of the Directors (Continued)
- Page 61 and 62: Report of the Directors (Continued)
- Page 63 and 64: Report of the Directors (Continued)
- Page 65 and 66: Report of the Directors (Continued)
- Page 67 and 68: Report of the Directors (Continued)
- Page 69 and 70: Report of the Directors (Continued)
- Page 71 and 72: Independent Auditor’s Report (Con
- Page 73 and 74: Consolidated Statement of Comprehen
- Page 75 and 76: Consolidated Balance Sheet (Continu
- Page 77 and 78: Consolidated Statement of Changes i
- Page 79 and 80: Consolidated Statement of Changes i
- Page 81 and 82: Notes to the Consolidated Financial
- Page 83 and 84: Notes to the Consolidated Financial
- Page 85 and 86: Notes to the Consolidated Financial
- Page 87 and 88: Notes to the Consolidated Financial
<strong>Report</strong> of the Directors (Continued)<br />
<br />
Share Option Schemes (Continued)<br />
Share Options of the Company (Continued)<br />
Movements of share options granted under the HKC Option Scheme during<br />
the year are as follows:<br />
<br />
<br />
<br />
<br />
Number of share options<br />
<br />
Name<br />
<br />
Nature of<br />
interest<br />
<br />
Outstanding<br />
at 1 January<br />
2011 Granted Exercised<br />
<br />
<br />
<br />
Cancelled/<br />
Lapsed<br />
<br />
<br />
Outstanding<br />
at 31<br />
December<br />
2011 Date of grant Exercise period<br />
<br />
<br />
<br />
Exercise<br />
price per<br />
share<br />
(HK$)<br />
<br />
<br />
<br />
Directors<br />
<br />
OEI Kang, Eric<br />
<br />
Personal<br />
<br />
Family<br />
<br />
680,625 – – – 680,625 15 December 2006<br />
<br />
1,134,375 – – – 1,134,375 15 December 2006<br />
<br />
363,000 – – – 363,000 1 February 2008<br />
<br />
544,500 – – – 544,500 1 February 2008<br />
<br />
907,500 – – – 907,500 1 February 2008<br />
<br />
680,625 – – – 680,625 15 December 2006<br />
<br />
1,134,375 – – – 1,134,375 15 December 2006<br />
<br />
15 December 2007 to<br />
14 December 2016<br />
<br />
<br />
15 December 2008 to<br />
14 December 2016<br />
<br />
<br />
1 February 2009 to<br />
31 January 2018<br />
<br />
<br />
1 February 2010 to<br />
31 January 2018<br />
<br />
<br />
1 February 2011 to<br />
31 January 2018<br />
<br />
<br />
15 December 2007 to<br />
14 December 2016<br />
<br />
<br />
15 December 2008 to<br />
14 December 2016<br />
<br />
<br />
1.174<br />
1.174<br />
1.368<br />
1.368<br />
1.368<br />
1.174<br />
1.174<br />
•<br />
37
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