Annual Report 2015
REPORT OF THE DIRECTORS
67
REPORT OF THE DIRECTORS
The Directors have pleasure in presenting their annual report and financial statements for the year ended 30 June 2015.
GROUP ACTIVITIES
The principal activities of the Company remain investment holding and property development and investment. The
principal activities of the principal subsidiaries, joint ventures and associated companies are shown in notes 49, 50 and
51 to the financial statements on pages 200 to 220.
RESULTS AND APPROPRIATION
The results of the Group for the year ended 30 June 2015 are set out in the consolidated income statement on page 100
of this annual report.
The Directors have resolved to recommend a final dividend for the year ended 30 June 2015 of HK$0.30 per share (2014:
HK$0.30 per share) to shareholders whose names appear on the register of members of the Company on 23 November
2015. Together with the interim dividend of HK$0.12 per share (2014: HK$0.12 per share), the total dividend for the
financial year ended 30 June 2015 is HK$0.42 per share (2014: HK$0.42 per share).
The Directors propose that shareholders be given the option to receive the final dividend in new shares in lieu of cash.
The scrip dividend arrangement is subject to (1) the approval of the proposed final dividend at the annual general meeting
to be held on 18 November 2015; and (2) the Stock Exchange granting the listing of and permission to deal in the new
shares to be issued pursuant to this proposal. A circular containing the details of the scrip dividend arrangement will be
despatched to shareholders together with the form of election for scrip dividend on or about 25 November 2015. It is
expected that the final dividend warrants and share certificates for the scrip dividend will be despatched to shareholders
on or about 29 December 2015.
BUSINESS REVIEW
The business review of the Group for the year ended 30 June 2015 is set out in the sections headed “Executive Vice-
chairman’s Report”, “Management Discussion and Analysis” and “Risk Factors” on pages 16 to 35, pages 36 to 41 and
pages 223 to 237 respectively of this Annual Report.
SHARES ISSUED
During the year, the Company has issued shares as follows:
1. As a result of the exercise of share options under the share option scheme of the Company, a total of 16,123,819
shares of the Company, fully paid, were issued for a total consideration of HK$148,419,341.
2. The Company declared final dividend for the year ended 30 June 2014 and interim dividend for the six months
ended 31 December 2014 in cash (with scrip option) during the year. Accordingly, a total of 316,766,477 shares of
the Company, fully paid, were issued for a total consideration of HK$2,801,975,026.
Details of the shares issued during the year are set out in note 36 to the financial statements.
