Eng - IOI Group

More documents

Recommendations

Info

notestothefinancialstatements cont’d29 SHARE CAPITAL cont’d29.1 Executive Share Option SchemeAn Executive Share Option Scheme (“ESOS”) was implemented on 5 April 1995 for the benefit of theexecutives and full time executive directors of the Group. The original option period of 5 years which expiredon 4 April 2000 has been extended for another 5 years, to expire on 4 April 2005. The committee appointedby the Board of Directors to administer the ESOS (“Option Committee”), may from time to time offer optionsto eligible executives of the Group to subscribe for new ordinary shares of RM0.50 each in the Company.The movements of the options over unissued shares of the Company granted under the ESOS during thefinancial year are as follows:No. of Share OptionsOfferedAs at and As atOption Price Date of Offer 01.07.2002 Accepted Exercised Lapsed 30.06.2003RM2.80/RM2.71 * 11.05.1995 3,049,000 - 1,188,000 423,000 1,438,000RM2.50/RM2.42 * 06.01.1996 17,000 - 17,000 - -RM2.70/RM2.61 * 10.01.1996 244,000 - 69,000 30,000 145,000RM3.50/RM3.38 * 26.04.1996 110,000 - 110,000 - -RM3.90/RM3.77 * 08.11.1996 1,715,000 - 867,000 22,000 826,000RM2.70/RM2.61 * 27.08.1997 1,258,000 - 570,000 137,000 551,000RM2.20/RM2.13 * 23.12.1998 515,000 - 434,000 46,000 35,000RM2.20/RM2.13 * 01.12.1999 1,415,000 - 619,000 222,000 574,000RM2.45/RM2.37 * 06.01.2001 706,000 - 547,000 83,000 76,000RM3.70/RM3.58 * 28.12.2001 3,648,000 - 2,476,000 126,000 1,046,000RM5.20 10.06.2003 - 10,893,000 - - 10,893,000Total 12,677,000 10,893,000 6,897,000 1,089,000 15,584,000* The exercise price of the options were adjusted with effect from 16 October 2002 pursuant to the CapitalDistribution.IOI Corporation BerhadAnnual Report 2003176
29 SHARE CAPITAL cont’d29.2 Issue of Warrants 1995/2003The Company has on 31 October 1995 issued 209,158,409 detachable warrants (“Warrants”) in conjunctionwith the issue of RM225,000,000 nominal amount of 4% Redeemable Unsecured Loan Stocks 1995/2000.According to the terms of a deed poll dated 28 September 1995, the Warrants entitle the holders at any timewithin the exercise period of 4 1/2 years to subscribe for new ordinary shares of RM0.50 each in theCompany at the subscription price of RM3.35 per share, on the basis of one Warrant for one new ordinaryshare. On 18 November 1999, the shareholders and Warrants holders have approved the extension of theexercise period of the Warrants. The salient terms of the extension as per the supplemental deed polls dated17 December 1999 and 25 August 2001 are as follows:i The original exercise period of the Warrants shall be extended for one year from 1 May 2000 to 30 April 2001.iiThe exercise period of the Warrants may be extended beyond 30 April 2001, up to four (4) consecutive periodsof one (1) year each from 1 May 2001 (“Further Extension”), provided that the daily weighted average marketprice of the shares in the Company quoted on the Kuala Lumpur Stock Exchange (“KLSE”) at a premium of lessthan twenty percent (20%) of the subscription price of RM3.35 on any one of the thirty (30) consecutivemarket days prior to the 31st day of January of the year of expiry of the relevant extension period.iiiThe Company to announce to the KLSE on any Further Extension, three months prior to the expiry datesof the Warrants.ivThe exercise price of the Warrants of RM3.35 per share will not be revised other than those adjustmentsprovided for in the Deed Poll.During the previous financial year, the subscription period of the Warrants was extended for another oneyear from 1 May 2002 to 30 April 2003 (“Warrants 1995/2003”) pursuant to clause 5A of the supplementaldeed poll dated 17 December 1999.On 16 October 2002, pursuant to the Capital Distribution, the exercise price of the Warrants 1995/2003 wasadjusted from RM3.35 to RM3.25 in accordance with condition 39(1)(c) of the second schedule of the Deed Poll.The subscription rights of the Warrants 1995/2003 expired on 30 April 2003 pursuant to the conditionsstipulated in the Deed Poll and the supplemental deed polls.177IOI Corporation BerhadAnnual Report 2003
Page 1:
www.ioigroup.comIOI Corporation Ber
Page 5 and 6:
OPERATING BACKGROUNDThe Malaysian e
Page 7 and 8:
FINANCIAL OVERVIEW cont’dGroup’
Page 9 and 10:
REVIEW OF RESULTS cont’dEBIT cont
Page 11 and 12:
OTHER CORPORATE DEVELOPMENT AND GRO
Page 13 and 14:
SOCIAL CONTRIBUTIONSAs a responsibl
Page 15:
ACKNOWLEDGEMENTOn behalf of the Boa
Page 18 and 19:
noticeofannualgeneralmeetingNOTICE
Page 20 and 21:
noticeofannualgeneralmeeting cont
Page 22 and 23:
noticeofannualgeneralmeeting cont
Page 25 and 26:
oostingjobfulfilment“When it come
Page 27 and 28:
oardofdirectorsTan Sri Dato’ Lee
Page 29 and 30:
Dato’ Lee Yeow ChorExecutive Dire
Page 31 and 32:
Datuk Khalid b Hj HusinIndependent
Page 34 and 35:
groupfinancialoverviewBalance Sheet
Page 36 and 37:
groupperformancehighlightsIOI Corpo
Page 38 and 39:
five-yearfinancialhighlightsIn RM
Page 40:
oostingsocialcommitment“As a cari
Page 43 and 44:
HIGHLIGHTS cont’d• Net operatin
Page 45 and 46:
ECONOMIC PROFIT AND RETURNS cont’
Page 47 and 48:
RISK MANAGEMENTThe Group has in pla
Page 49 and 50:
Financial Risk Management cont’d
Page 51 and 52:
management’sdiscussionandanalysis
Page 53 and 54:
Area Statement (In Hectares)Year en
Page 55 and 56:
OPERATIONS cont’dAlthough oil yie
Page 57:
OUTLOOK AND PROSPECTSPrices of edib
Page 60 and 61:
Page 63 and 64:
Page 65 and 66:
OPERATIONS cont’dIn line with the
Page 67 and 68:
RESULTS cont’dThe Group’s overa
Page 69 and 70:
ValKepongKLCCKualaLumpurKL SentralP
Page 71 and 72:
Page 73 and 74:
OPERATIONSThe Group’s palm oil re
Page 75 and 76:
PROSPECTSThe oleochemical sub-segme
Page 77 and 78:
4 Duties and ResponsibilitiesIn ful
Page 79 and 80:
ACTIVITIES cont’dviiReview of the
Page 81 and 82:
Roles and Principal Duties cont’d
Page 83 and 84:
Board Composition and Balance cont
Page 85 and 86:
Re-electionIn accordance with the C
Page 87 and 88:
Directors’ Remuneration cont’d1
Page 89 and 90:
Financial Reporting cont’dIn addi
Page 91 and 92:
NATURE OF OUR INTERNAL CONTROLS CON
Page 93 and 94:
otherinformationCOMPOSITION OF SHAR
Page 95 and 96:
Type of Recurrent Interested Direct
Page 97 and 98:
Type of Recurrent Interested Direct
Page 99 and 100:
27 Tan Sri Dato’ Lee Shin Cheng i
Page 101 and 102:
groupbusinessstructurePlantationPla
Page 103 and 104:
EuropeNetherlands : Wormerveer and
Page 105 and 106:
■ Plantation1 Bukit Dinding Estat
Page 107 and 108:
• The exercise price of Warrants
Page 109 and 110:
MARCH 2003• IOI achieved a 5th pl
Page 111 and 112:
socialcontributions• In conjuncti
Page 113:
• IOI contributed RM100,000 for t
Page 116 and 117:
directors’reportThe Directors of
Page 118 and 119:
directors’report cont’dWARRANTS
Page 120 and 121:
directors’report cont’dEXECUTIV
Page 122 and 123:
directors’report cont’dRESERVES
Page 124 and 125:
directors’report cont’dDIRECTOR
Page 126 and 127:
directors’report cont’dSTATUTOR
Page 128 and 129: directors’report cont’dSIGNIFIC
Page 130 and 131: incomestatements for the financial
Page 132 and 133: statementsofchangesinequity for the
Page 134 and 135: statementsofchangesinequity for the
Page 136 and 137: cashflowstatements for the financia
Page 138 and 139: cashflowstatements for the financia
Page 140 and 141: notestothefinancialstatements cont
Page 228 and 229:
notestothefinancialstatements cont
Page 230 and 231:
eportoftheauditors to the members o
Page 232 and 233:
groupproperties cont’dAPLANTATION
Page 234 and 235:
groupproperties cont’dBDEVELOPMEN
Page 236 and 237:
groupproperties cont’dDINDUSTRIAL
Page 238 and 239:
groupproperties cont’dEOTHER PROP
Page 240 and 241:
LIST OF TOP 30 SHAREHOLDERS cont’
Page 242:
fold hereIOI Corporation BerhadNo.
show all

Eng - IOI Group

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?