Annual Report 2016
99
Report of the Directors
Directors’ Interests in Shares, Underlying Shares and Debentures
(continued)
(B) Long Position in Underlying Shares — Share Options
(continued)
Share Option Schemes of New World China Land Limited (“NWCL”)
(continued)
Share options granted to other eligible participants
NWCL 2002 Share Option Scheme
Date of grant
Number of share options
(1)
Exercise
price
per share
Balance
as at
1 July 2015
Exercised
during
the year
(2)
Lapsed
during
the year
Cancelled
during
the year
(4)
Balance
as at
30 June
2016
HK$
31 May 2010 to 25 June 2010
39,480
(39,480)
–
–
–
2.349
10 November 2010 to 7 December 2010
593,278 (581,936)
(11,342)
–
–
3.013
18 January 2011 to 14 February 2011
3,933,085 (3,933,085)
–
–
–
3.036
26 July 2011 to 22 August 2011
517,242 (291,842)
–
(225,400)
–
2.705
5,083,085 (4,846,343)
(11,342)
(225,400)
–
NWCL 2011 Share Option Scheme
Date of grant
Number of share options
(1)
Exercise
price
per share
Balance
as at
1 July 2015
Granted
during
the year
(3)
Exercised
during
the year
(2)
Lapsed
during
the year
Cancelled
during
the year
(4)
Balance
as at
30 June
2016
HK$
3 May 2012 to 30 May 2012
2,798,400
–
(811,640)
(120,000) (1,866,760)
–
2.450
22 October 2012 to 16 November 2012
199,100
–
(77,600)
–
(121,500)
–
3.370
7 January 2013 to 1 February 2013
2,738,560
–
(472,600)
(46,040) (2,219,920)
–
3.880
2 April 2013 to 29 April 2013
1,791,990
–
(290,000)
– (1,501,990)
–
3.350
24 June 2013 to 25 June 2013
892,400
–
(149,200)
(99,200)
(644,000)
–
2.762
15 October 2013 to 17 October 2013
1,475,100
–
(616,000)
–
(859,100)
–
4.010
9 January 2014 to 13 January 2014
3,371,020
–
(597,537)
(132,060) (2,641,423)
–
3.970
10 July 2014 to 11 July 2014
874,000
–
(188,000)
–
(686,000)
–
4.720
23 October 2014 to 24 October 2014
802,000
–
(320,800)
–
(481,200)
–
4.420
11 March 2015 to 12 March 2015
10,852,400
–
(595,520)
(298,400) (9,958,480)
–
4.968
8 May 2015 to 11 May 2015
914,000
–
(82,000)
–
(832,000)
–
5.420
23 July 2015 to 24 July 2015
– 3,206,000 (319,600)
– (2,886,400)
–
4.504
26,708,970 3,206,000 (4,520,497)
(695,700) (24,698,773)
–
Notes:
(1)
The share options are exercisable within five years commencing from one month after the dates of grant, provided that the maximum
number of share options that can be exercised during each anniversary year is 20.0% of the total number of the share options granted
together with any unexercised share options carried forward from the previous anniversary years.
(2)
The weighted average closing prices of the shares immediately before the dates on which share options were exercised under the
NWCL 2002 Share Option Scheme and the NWCL 2011 Share Option Scheme were HK$6.606 and HK$6.182, respectively.
(3)
The closing price per share immediately before 23 July 2015, the date of offer to grant, was HK$4.390.
(4)
The share options were cancelled on 1 April 2016 following the acceptances by the NWCL option holders of the cash offer made by
The Hongkong and Shanghai Banking Corporation Limited on behalf of Easywin Enterprises Corporation Limited (“Easywin”), a wholly
owned subsidiary of the Company, to cancel all outstanding share options held by the NWCL option holders in accordance with the
terms set out in the joint announcement of the Company, NWCL and Easywin dated 6 January 2016.
(5)
The cash consideration paid by each eligible participant for each grant of share options is HK$10.0.
