Page 49 - ar2012

Share options (cont’d)
Unissued shares under 2002 Option Scheme (cont’d)
Since the commencement of the 2002 Option Scheme till the end of the financial year:
• 45,215,000 options were granted
• No options had been granted to the controlling shareholders of the Company or their associates
• No options had been granted to the Directors appointed by the controlling shareholders
• No options that entitle the holder to participate, by virtue of the options, in any share issue of any other corporation
had been granted
• No participant other than Mr. Sudeep Nair has been granted 5% or more of the total options available under the
2002 Option Scheme
Except as disclosed above, there were no unissued shares of the Company or its subsidiaries under options as at the end of
the financial year.
Options granted after the financial year end
During the financial year:
• The Company granted 4,580,000 options which are exercisable between 8 March 2014 to 7 March 2023, to subscribe for ordinary
shares at an exercise price of S$0.669 per share, to Executive Directors and selected group of employees eligible under the 2012
Option Scheme.
• The Company also granted 300,000 options which are exercisable between 8 March 2014 to 7 March 2018, to subscribe for
ordinary shares at an exercise price of S$0.669 per share, to Non-Executive Directors eligible under the 2012 Option Scheme.
The options granted to the Executive Directors and Non-Executive Directors of the Company on 8 March 2013 were as follows:
Executive Directors of the Company
Options, which are exercisable between 8
March 2014 to 7 March 2023, to subscribe
for ordinary shares at S$0.669 per share
Sudeep Nair 1,500,000
Non-Executive Directors of the Company
Options, which are exercisable between 8
March 2014 to 7 March 2018, to subscribe
for ordinary shares at S$0.669 per share
Lew Syn Pau 100,000
Ong Kian Min 100,000
Boon Yoon Chiang 100,000
DIRECTORS’ REPORT (cont’d)
47
Food Empire Holdings Limited Annual Report 2012