Annual Report 2015
85
REPORT OF THE DIRECTORS
The Scheme
(vi) any person or entity that provides research, development
or other technological support to the Group or any Invested
Entity;
(vii) any adviser (professional or otherwise) or consultant to any
area of business or business development of any member of
the Group or any Invested Entity; and
(viii) any joint venture partner or business alliance that co-operates
with any member of the Group or any Invested Entity in any
area of business operation or development.
Total number of shares available for issue
under the scheme and percentage of
issued shares as at the date of this annual
report
The Company had granted 337,750,000 shares of the Company
under the Scheme up to the date of this report.
The total number of shares available for issue under the Scheme is
165,595,477 representing approximately 1.84% of the Company’s
total number of issued shares as at the date of this report.
Maximum entitlement of each participant
under the scheme
Unless approved by shareholders of the Company, the total number
of shares issued and to be issued upon exercise of the share
options granted to each eligible participant (including both exercised
and outstanding options) in any 12-month period must not exceed
1.0% of the total number of shares of the Company in issue.
The period within which the shares must
be taken up under an option
A period to be specified by the Directors and not to exceed 10 years
from the date of grant of options.
The minimum period for which an option
must be held before it can be exercised
Any period as determined by the Directors.
The amount payable on application or
acceptance of the option and the period
within which payments or calls must or
may be made or loans for such purposes
must be paid
HK$10.0 is to be paid as consideration for the grant of option within
14 days from the date of offer.
The basis of determining the exercise
price
The exercise price is determined by the Directors which must be at
least the higher of (i) the closing price of the shares on the HKEx as
stated in the HKEx’s daily quotations sheets on the date of grant,
which must be a dealing day; and (ii) the average closing price of
the shares as stated in the HKEx’s daily quotation sheets for the
five dealing days immediately preceding the date of grant.
The remaining life of the scheme
The Scheme shall be valid and effective for a period of 10 years
from the date of adoption, i.e. 24 November 2006.
DIRECTORS’ INTERESTS IN SHARES, UNDERLYING SHARES AND DEBENTURES
(continued)
(B) Long position in underlying shares – share options
(continued)
Share Option Scheme of the Company
(continued)
