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DIRECTORS’ REPORT (cont’d)
Directors’ interests in shares and debentures (cont’d)
By virtue of Section 7 of the Singapore Companies Act, Cap. 50, Mr. Tan Wang Cheow and Mdm. Tan Guek Ming are deemed to have an
interest in the Company’s subsidiaries at the end of the financial year.
There was no change in any of the above-mentioned interests between the end of the financial year and 21 January 2013.
Except as disclosed in this report, no Director who held office at the end of the financial year had interests in shares, share options, warrants
or debentures of the Company, or of related corporations, either at the beginning of the financial year, or date of appointment if later, or
at the end of the financial year.
Directors’ contractual benefits
Except as disclosed in the financial statements, since the end of the previous financial year, no Director of the Company has received or
become entitled to receive a benefit by reason of a contract made by the Company or a related corporation with the Director, or with a firm
of which the Director is a member, or with a company in which the Director has a substantial financial interest.
Share options
The Food Empire Holdings Limited Share Option Scheme (the “2002 Option Scheme”) was approved and adopted at an Extraordinary
General Meeting of the Company held on 22 January 2002, which has since expired on 31 December 2011.
The Food Empire Holdings Limited Share Option Scheme (the “2012 Option Scheme”) was approved and adopted at an Extraordinary
General Meeting of the Company held on 27 April 2012.
The 2002 Option Scheme and 2012 Option Scheme are administered by the Remuneration Committee (“RC”) which comprises Mr. Lew
Syn Pau (Chairman), Mr. Ong Kian Min, Mr. Boon Yoon Chiang, Mdm. Tan Guek Ming and Mr. Koh Yew Hiap.
The total number of shares in respect of the 2012 Option Scheme and the 2002 Option Scheme that may be offered shall not exceed 15%
of the Company’s total issued share capital on the day immediately preceding the offer date.
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Food Empire Holdings Limited Annual Report 2012