New World Development Company Limited
96
Report of the Directors
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)
Share options granted to other eligible participants
Date of grant
Exercisable
period
(Note)
Number of share options
Exercise
price
per share
(12)
Balance
as at
1 July 2015
Granted
during
the year
(8)
Exercised
during
the year
Adjusted
during
the year
(12)
Lapsed
during
the year
Balance
as at
30 June
2016
HK$
19 March 2012
(1)
48,472,228
–
(20,000)
(9)
48,279 (48,500,507)
–
9.152
16 November 2012
(2)
6,958,068
–
–
7,057
(640,452)
6,324,673
11.238
22 January 2014
(3)
29,270,884
–
–
29,093 (3,676,986) 25,622,991
9.756
27 October 2014
(4)
33,001,582
–
(75,000)
(10)
32,023 (1,352,531) 31,606,074
9.485
7 July 2015
(5)
– 20,100,000
–
20,392 (1,401,420) 18,718,972
9.966
9 March 2016
(6)
– 15,700,000 (375,000)
(11)
–
(800,000) 14,525,000
7.200
10 June 2016
(7)
– 38,400,827
–
–
(854,047) 37,546,780
7.540
117,702,762 74,200,827
(470,000)
136,844 (57,225,943) 134,344,490
Notes:
(1)
Divided into 4 tranches exercisable from 19 March 2012, 19 March 2013, 19 March 2014 and 19 March 2015 respectively to 18 March
2016.
(2)
Divided into 4 tranches exercisable from 16 November 2012, 16 November 2013, 16 November 2014 and 16 November 2015
respectively to 15 November 2016.
(3)
Divided into 4 tranches exercisable from 22 January 2014, 22 January 2015, 22 January 2016 and 22 January 2017 respectively to
21 January 2018.
(4)
Divided into 4 tranches exercisable from 27 October 2014, 27 October 2015, 27 October 2016 and 27 October 2017 respectively to
26 October 2018.
(5)
Divided into 4 tranches exercisable from 7 July 2015, 7 July 2016, 7 July 2017 and 7 July 2018 respectively to 6 July 2019.
(6)
Divided into 4 tranches exercisable from 9 March 2016, 9 March 2017, 9 March 2018 and 9 March 2019 respectively to 8 March 2020.
(7)
Divided into 4 tranches exercisable from 10 June 2016, 10 June 2017, 10 June 2018 and 10 June 2019 respectively to 9 June 2020.
(8)
The closing price per share immediately before 7 July 2015, 9 March 2016 and 10 June 2016, the dates of offer to grant, was HK$9.72,
HK$7.18 and HK$7.52, respectively.
(9)
The exercise date was 10 July 2015. On the trading date immediately before the exercise date, the closing price per share was
HK$9.24.
(10) The exercise date was 2 July 2015. On the trading date immediately before the exercise date, the closing price per share was HK$10.14.
(11) The weighted average closing price of the shares immediately before the dates on which share options were exercised was HK$7.546.
(12) The Company declared final dividend for the year ended 30 June 2015 in cash (with scrip option) during the year. Accordingly,
adjustments were made to the number of outstanding share options and the exercise price. The exercise price per share of the share
options granted on 19 March 2012 was adjusted from HK$9.161 to HK$9.152 on 29 December 2015. The exercise price per share of the
share options granted on 16 November 2012 was adjusted from HK$11.249 to HK$11.238 on 29 December 2015. The exercise price per
share of the share options granted on 22 January 2014 was adjusted from HK$9.766 to HK$9.756 on 29 December 2015. The exercise
price per share of the share options granted on 27 October 2014 was adjusted from HK$9.495 to HK$9.485 on 29 December 2015. The
exercise price per share of the share options granted on 7 July 2015 was adjusted from HK$9.976 to HK$9.966 on 29 December 2015.
(13) The cash consideration paid by each participant for the grant of share options is HK$10.0.
