Annual Report 2016
101
Report of the Directors
NWSH Share Option Scheme
Total number of shares available for issue
under the scheme and percentage of issued
shares 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 55,560,071 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 284,020,370 representing approximately 7.41% of
NWSH’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 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 total number
of shares 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 amoun t pa y ab l e on app l i ca t i on o r
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)
