Annual Report 2015
93
REPORT OF THE DIRECTORS
NWSH Share Option Scheme
Total number of shares available for issue
under the scheme and percentage of
issued share capital of NWSH as at the
date of this annual report
NWSH had granted share options to certain eligible participants
to subscribe for a total of 55,478,053 shares of NWSH under the
NWSH Share Option Scheme, which include an adjustment made
pursuant to the rules of the NWSH Share Option Scheme, up to the
date of this report.
The total number of shares of NWSH available for issue under
the NWSH Share Option Scheme is 283,321,334 representing
approximately 7.50% of NWSH’s issued share capital as at the date
of this report.
Maximum entitlement of each participant
under the scheme
Unless approved by shareholders of NWSH, 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 share capital of NWSH in issue.
The period within which the shares must
be taken up under an option
At any time during a period as specified by NWSH’s directors,
however in any event the share options must be exercised within
10 years from the date of grant.
The minimum period for which an option
must be held before it can be exercised
Any period as determined by NWSH’s 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 NWSH’s directors which must
be at least the highest of: (i) the closing price of the shares as
stated in the HKEx’s daily quotations sheet on the date of grant; (ii)
the average closing price of the shares as stated in the HKEx’s daily
quotations sheets for the five dealing days immediately preceding
the date of grant; and (iii) the nominal value of the shares.
The remaining life of the scheme
The NWSH Share Option Scheme shall be valid and effective for
a period of 10 years from the date of adoption, i.e. 21 November
2011.
DIRECTORS’ INTERESTS IN SHARES, UNDERLYING SHARES AND DEBENTURES
(continued)
(B) Long position in underlying shares – share options
(continued)
Share Option Scheme of NWS Holdings Limited (“NWSH”)
(continued)
