New World Development Company Limited
OTHER INFORMATION
48
Directors’ Interests in Securities
(continued)
(B) Long position in underlying shares – share options
(continued)
(2) Long position in underlying shares of New World China Land Limited (“NWCL”) – share options
On 26 November 2002, NWCL adopted a share option scheme (“NWCL 2002 Share Option Scheme”)
pursuant to which employees, including directors of NWCL and its subsidiaries, were given opportunity to
obtain equity holdings in NWCL. In anticipation of the expiry of the NWCL 2002 Share Option Scheme, NWCL
adopted a new share option scheme (“NWCL 2011 Share Option Scheme”) at the annual general meeting of
NWCL held on 22 November 2011 and terminated the operation of the NWCL 2002 Share Option Scheme.
Any share options which were granted under the NWCL 2002 Share Option Scheme prior to such termination
shall continue to be valid and exercisable in accordance with the terms of the NWCL 2002 Share Option
Scheme.
Details of movement of share options granted under the NWCL 2002 Share Option Scheme and the NWCL
2011 Share Option Scheme during the six months ended 31 December 2015 are as follows:
Share options granted to Directors of the Company
NWCL 2002 Share Option Scheme
Number of share options
Name
Date of grant
Exercisable
period
Balance
as at
1 July
2015
Exercised
during the
period
Lapsed
during the
period
Balance
as at
31 December
2015
Exercise
price per
share
(Note)
HK$
Dr. Cheng Kar-Shun, Henry 18 January 2011
(1)
2,077,922
–
–
2,077,922
3.036
Dr. Cheng Chi-Kong, Adrian 18 January 2011
(2)
935,066
–
–
935,066
3.036
Mr. Cheng Kar-Shing, Peter 18 January 2011
(1)
831,169
–
–
831,169
3.036
Mr. Lee Luen-Wai, John
18 January 2011
(1)
311,688
–
–
311,688
3.036
4,155,845
–
–
4,155,845
Notes:
(1) Divided into 5 tranches exercisable from 19 February 2011, 19 February 2012, 19 February 2013, 19 February 2014 and
19 February 2015, respectively to 18 February 2016.
(2) Divided into 3 tranches exercisable from 19 February 2013, 19 February 2014 and 19 February 2015, respectively to
18 February 2016.
(3) The cash consideration paid by each of the above Directors for each grant of share options is HK$10.0.
