New World Development Company Limited
102
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 NWS Holdings Limited (“NWSH”)
(continued)
Share options granted to Director
Name
Date of grant
Exercisable
period
(Note)
Number of share options
Exercise
price
per share
(3)
HK$
Balance
as at
1 July 2015
Granted
during
the year
Adjusted
during
the year
(2)
Exercised
during
the year
Balance
as at
30 June
2016
Dr. Cheng Kar-Shun, Henry
9 March 2015
(1)
7,401,080
–
10,978
–
7,412,058
14.137
Notes:
(1)
60.0% of the share options are exercisable from 9 May 2015 to 8 March 2020 while the remaining 40.0% of the share options are
divided into 2 tranches exercisable from 9 March 2016 and 9 March 2017 respectively to 8 March 2020.
(2)
NWSH declared final dividend for the year ended 30 June 2015 and interim dividend for the six months ended 31 December 2015 in
scrip form (with cash 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 was adjusted from HK$14.158 to HK$14.145 on 29 December
2015, and further to HK$14.137 on 16 May 2016.
(3)
The cash consideration paid by the above Director for the grant of share options is HK$10.0.
Share options granted to other eligible participants
Date of grant
Exercisable
period
(Note)
Number of share options
Exercise
price
per share
(2)
HK$
Balance
as at
1 July 2015
Granted
during
the year
Adjusted
during
the year
(2)
Exercised
during
the year
Lapsed
during
the year
Balance
as at
30 June
2016
9 March 2015
(1)
48,076,973
–
71,040
–
(284,248)
47,863,765
14.137
Notes:
(1)
60.0% of the share options are exercisable from 9 May 2015 to 8 March 2020 while the remaining 40.0% of the share options are
divided into 2 tranches exercisable from 9 March 2016 and 9 March 2017 respectively to 8 March 2020.
(2)
NWSH declared final dividend for the year ended 30 June 2015 and interim dividend for the six months ended 31 December 2015 in
scrip form (with cash 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 was adjusted from HK$14.158 to HK$14.145 on 29 December
2015, and further to HK$14.137 on 16 May 2016.
(3)
The cash consideration paid by each eligible participant for each grant of share options is HK$10.0.
