WTK Holdings Berhad - Bursa Malaysia

More documents

Recommendations

Info

30 Directors’ Report (Cont’d) DIRECTORS' INTERESTS According to the register of directors' shareholdings, the interests of directors in office at the end of the financial year in shares in the Company and its related corporations during the financial year were as follows: Number of ordinary shares of RM1.00 each in the Company As at As at 1.1.2003 Bought Sold 31.12.2003 Direct Interest Datuk Wong Kie Yik 2,208,154 - - 2,208,154 Datuk Wong Kie Nai 5,634,055 - - 5,634,055 Wong Kie Chie 5,247,010 - - 5,247,010 Indirect Interest Datuk Wong Kie Yik * 30,887,491 - - 30,887,491 Datuk Wong Kie Nai ** 37,287,789 - - 37,287,789 Wong Kie Chie ** 37,287,789 - - 37,287,789 * Indirect interest through his substantial shareholding in W T K Realty Sdn. Bhd. and Ocarina Development Sdn. Bhd.. ** Indirect interest through their substantial shareholdings in W T K Realty Sdn. Bhd., Harbour-View Realty Sdn. Bhd. and Ocarina Development Sdn. Bhd.. By virtue of their interest in the shares of the Company, Datuk Wong Kie Yik, Datuk Wong Kie Nai and Wong Kie Chie are also deemed to be interested in the shares of all the subsidiaries of the Company to the extent the Company has an interest. The interests of directors in options granted to subscribe for ordinary shares in the Company pursuant to the Employees' Share Option Scheme were as follows: Options to subscribe for ordinary shares of RM1.00 each As at As at 1.1.2003 Granted Exercised 31.12.2003 Datuk Wong Kie Yik 490,000 - - 490,000 Datuk Wong Kie Nai 500,000 - - 500,000 Wong Kie Chie 500,000 - - 500,000 1,490,000 - - 1,490,000 Other than as disclosed above, none of the other directors in office at the end of the financial year had any interest in shares in the Company or its related corporations during the financial year. W T K HOLDINGS BERHAD (10141-M)
Directors’ Report (Cont’d) EMPLOYEES' SHARE OPTION SCHEME The main features of the Company's Employees' Share Option Scheme ("ESOS") are as follows: (a) The maximum amount of ordinary shares of RM1.00 each in the Company which may be subscribed on the exercise of the ESOS shall not exceed in aggregate 10% of the total issued and paid-up share capital of the Company at any point of time during the existence of the ESOS. (b) Eligible employees and executive directors of the Group with at least one year of service shall be eligible to participate in the ESOS. (c) The maximum allowable allotment that may be offered to eligible employees and full time executive directors under the ESOS ranges from 4,000 to 500,000 ordinary shares. (d) The option price shall be average of the mean market quotation of the shares as quoted and shown in the Daily Official List issued by <strong>Bursa</strong> <strong>Malaysia</strong> for the 5 market days immediately preceding the date of the offer or the par value of the shares of the Company, whichever is higher, provided always that the exercise price of such options is allowed to be set at a discount of not more than 10% from the set price at the date the option is granted. (e) An option shall be capable of being exercised during the option period starting from the date at which a written offer from the ESOS committee to any eligible employee or such later date as determined by the ESOS committee. The Scheme will expire at the end of five years from the commencement of the Scheme on 24 July 2000. Pursuant to the ESOS, which commenced on 24 July 2000, options to subscribe for 13,887,000 ordinary shares of RM1.00 each in the Company have been granted as of 31 December 2003. The movement in the Company's unissued shares under the ESOS during the financial year is as follows: Number of ordinary shares of RM1.00 each As at As at 1.1.2003 Granted Exercised 31.12.2003 13,887,000 - - 13,887,000 A N N U A L R E P O R T 2 0 0 3 31
Page 1 and 2: 03 ANNUAL REPORT
Page 3 and 4: CONTENTS 2 Corporate Information 3
Page 5 and 6: Directors’ Profile Yg Bhg Datuk W
Page 7 and 8: Directors’ Profile (Cont’d) Won
Page 9 and 10: Directors’ Profile (Cont’d) Tha
Page 11 and 12: Directors’ Statement on Corporate
Page 17 and 18: Audit Committee Report COMPOSITION
Page 19 and 20: Audit Committee Report (Cont’d) 5
Page 21 and 22: Directors’ Statement on Internal
Page 23 and 24: Directors’ Statement on Internal
Page 25 and 26: Chairman’s Statement (Cont’d) I
Page 27 and 28: Chairman’s Statement (Cont’d) i
Page 29 and 30: FINANCIAL STATEMENTS 28 Directors
Page 31: Directors’ Report (Cont’d) DIRE
Page 35 and 36: Directors’ Report (Cont’d) SIGN
Page 37 and 38: Directors’ Report (Cont’d) (f)
Page 39 and 40: Report of the Auditors to the Membe
Page 41 and 42: Balance Sheets as at 31 December 20
Page 43 and 44: Consolidated Statement of Changes i
Page 45 and 46: Cash Flow Statements for the year e
Page 47 and 48: Notes to the Financial Statements 3
Page 49 and 50: Notes to the Financial Statements (
Page 83 and 84:
Notes to the Financial Statements (
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
List of Properties (Cont’d) DATE
Page 103 and 104:
List of Properties (Cont’d) DATE
Page 105 and 106:
Statistic on Shareholdings (Cont’
Page 107 and 108:
Notice of Annual General Meeting NO
Page 109 and 110:
Notice of Annual General Meeting (C
Page 111 and 112:
Form of Proxy W T K HOLDINGS BERHAD
Page 114:
xpress multimedia
show all

WTK Holdings Berhad - Bursa Malaysia

Create successful ePaper yourself

Delete template?

Save as template?