Annual Report - QuamIR
Annual Report - QuamIR
Annual Report - QuamIR
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Report</strong> of the Directors (Continued)<br />
<br />
Share Option Schemes (Continued)<br />
Share Options of subsidiary of the Company (Continued)<br />
(b) Eligible Persons<br />
Any employee (whether full time or part time), senior executive or officer,<br />
manager, director (including independent non-executive director) or<br />
consultant of any members of the CRE Group or any Invested Entity<br />
who, in the sole discretion of the board of directors of CRE, have<br />
contributed or will contribute to the growth and development of the<br />
CRE Group or any Invested Entity.<br />
<br />
<br />
(b) <br />
<br />
<br />
<br />
<br />
<br />
<br />
(c)<br />
Maximum number of shares available for issue<br />
The total number of shares of CRE available for issue under the CRE<br />
Option Scheme is 63,103,475 shares which represent approximately<br />
2.68% of the issued share capital of CRE as at the date of this <strong>Annual</strong><br />
<strong>Report</strong>.<br />
(c)<br />
<br />
<br />
63,103,475<br />
<br />
2.68%<br />
(d)<br />
Maximum entitlement of each Eligible Person<br />
The total number of shares of CRE issued and to be issued upon<br />
exercise of options (whether exercised or outstanding) granted in any<br />
12-month period to:<br />
(d)<br />
<br />
<br />
<br />
<br />
<br />
(i)<br />
each Eligible Person must not exceed 1% of the shares of CRE<br />
in issue;<br />
(i)<br />
<br />
1%<br />
(ii)<br />
a substantial shareholder or an independent non-executive<br />
director of CRE must not exceed 0.1% of the shares of CRE in<br />
issue and not exceed HK$5 million in aggregate value.<br />
(ii)<br />
<br />
<br />
0.1%5,000,000<br />
44 HKC (Holdings) Limited • <strong>Annual</strong> <strong>Report</strong> 2011