Powering growth - Aztech Group Ltd - Investor Relations

More documents

Recommendations

Info

36a z t e c h a n n u a l r e p o r t 2 0 0 9F i n a n c i a l S t a t e m e n t sREPORT OF THE DIRECTORS6 SHARE OPTIONSAZTECH GROUP EMPLOYEE SHARE OPTION SCHEME 2000 (“ESOS 2000”)(a) Names of the Members of the Committee Administering ESOS 2000ESOS 2000 was approved and adopted at the Company’s Extraordinary General Meeting held on March 10, 2000 and will continuein operation for a maximum period of 10 years, commencing on March 10, 2000. ESOS 2000 is administered by the RemunerationCommittee comprising the following members:Khoo Ho Tong (Chairman)Philip Tan Tee YongColin Ng Teck SimParticipants who are members of the Committee were not involved in the deliberations in respect of options granted to that participant.(b)Outstanding OptionsThe number of Shares available under the Scheme shall not exceed 15% of the issued share capital of the Company. The number ofoutstanding share options under the scheme is as follows:Date optionsgrantedExercise periodOffer priceper option (1)(5)Number ofoptionsgrantedRights shareissueadjustment (5)Number ofoptionsexercisedNumberNumber of of optionsoptions outstanding aslapsed/ at Decembercancelled 31, 2009May 18, 2004June 12, 2004June 12, 2004December 12,2006July 27, 2007August 28, 2008August 28, 2008May 19, 2005 toMay 18,2009June 13, 2005 toJune 12, 2009June 13, 2005 toJune 12, 2009December 13, 2007to December 12, 2011July 28, 2008 toJuly 27, 2012August 29, 2009 toAugust 28, 2013August 29, 2009 toAugust 28, 2013$0.149 (“A”) 3,300,000 - 3,300,000 - -$0.119 (“B”)$0.135 (“A) 1,000,000 - 1,000,000 - -$0.112 (“B”)$0.135 (“A”) 9,365,000 - 6,875,000 2,490,000 -$0.108 (“B”)$0.232 (“A”) 3,350,000 153,330 1,200,000 550,000 1,753,330$0.170 (“B”)$0.561 (“A”) 1,950,000 122,654 - 670,000 1,402,654$0.410 (“B”)$0.185 (4) 2,000,000 143,749 500,000 - 1,643,749$0.160 (“A”) 6,750,000 584,576 400,000 250,000 6,684,576$0.128 (“B”)27,715,000 1,004,309 13,275,000 3,960,000 11,484,309Holders of the above share options have no right to participate in any share issue of any other company and no employee or employee ofrelated corporations has received 5% or more of the total options available under ESOS 2000, except as detailed below.
F i n a n c i a l S t a t e m e n t sa z t e c h a n n u a l r e p o r t 2 0 0 937REPORT OF THE DIRECTORS6 SHARE OPTIONS (cont’d)(b)Outstanding Options (cont’d)There are no options granted to any of the Company’s controlling shareholders or their associates (as defined in the Singapore ExchangeSecurities Trading Listing Manual), except as detailed below.Note:(1) “A” - Option Price that is applicable if option exercised after the 1 st anniversary of the date of the acceptance of the offer but beforethe 2 nd anniversary of the date of the acceptance of the offer. Option Price A is finalised based on the average of the last dealt pricesper share of the Company on the SGX-ST for the period of five (5) consecutive market days prior to the date the option is offered.“B” - Option Price that is applicable if option exercised after the 2 nd anniversary of the date of the acceptance of the offer but beforethe expiry of sixty (60) months from the date of the acceptance of the offer.(2) All options granted under ESOS 2000 (Price “B”) were granted at a discount of 20%.(3) Each option entitles participants to subscribe for one ordinary share in the Company.(4) The grant price of options to Executive Director is the higher of:(i)(ii)the average of the last dealt prices per share of the Company on the SGX-ST for the period of five (5) consecutive marketdays immediately prior to the date of offer orthe <strong>Group</strong>’s net tangible asset per share as determined from the <strong>Group</strong>’s latest audited consolidated financial statement.(5) On November 24, 2009, due to the Rights cum Warrants issue exercise, the number and price of the existing share options wereadjusted accordingly, and an additional 1,004,309 share options were granted.(c)Participants who are Directors/ controlling shareholder/ associate of controlling shareholder/ executivesName of participantDirectors of the CompanyOptionsgrantedduring thefinancialyear underreviewRightsshareissueadjustmentAggregateoptionsgranted sincecommencementof scheme toend ofDecember 31,2009Aggregateoptionsexercised sincecommencementof scheme to endof December 31,2009Aggregateoptionslapsed sincecommencementof scheme to endof December 31,2009Aggregateoptionsoutstandingas at end ofDecember 31,2009Michael Mun Hong Yew (1)(3)(4) - - 3,000,000 3,000,000 - -Martin Chia Heok Miin (3) - 143,749 5,242,500 2,898,000 844,500 1,643,749Patricia Ng Sok Cheng (3) - 47,916 5,370,000 4,120,000 750,000 547,916Jeremy Mun Weng Hung (2)(4) - - 300,000 300,000 - -Khoo Ho Tong - - 500,000 500,000 - -Colin Ng Teck Sim - - 500,000 500,000 - -Philip Tan Tee Yong - - 500,000 500,000 - -- 191,665 15,412,500 11,818,000 1,594,500 2,191,665
Page 1 and 2: Powering GrowthAnnual Report 09
Page 3 and 4: AztecH’S GLOBAL REACHAztech at a
Page 5 and 6: F i n a n c i a l H i g h l i g h t
Page 7 and 8: V a l u e - a d d e d s t a t e m e
Page 9 and 10: L e t t e r t o s h a r e h o l d e
Page 11 and 12: B o a r d o f D i r e c t o r sa z
Page 13 and 14: Operations ReviewAztech Electronics
Page 15 and 16: o p e r a t i o n s r e v i e wa z
Page 17 and 18: Operations ReviewAz Marine / AZ Uni
Page 19 and 20: o p e r a t i o n s r e v i e wa z
Page 21 and 22: o u r C O m m i t m e n ta z t e c
Page 23 and 24: C o r p o r a t e G o v e r n a n c
Page 35 and 36: F i n a n c i a l S t a t e m e n t
Page 37: F i n a n c i a l S t a t e m e n t
Page 89 and 90:
F i n a n c i a l S t a t e m e n t
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123:
HEAD OFFICEAZTECH GROUP LTD31 Ubi R
show all

Powering growth - Aztech Group Ltd - Investor Relations

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

Delete template?

Save as template?