SUNNINGDALE TECH LTD
ANNUAL REPORT 2014
38
3.
Directors’ interests in shares and debentures (cont’d)
Except as disclosed in this report, no director who held office at the end of the financial year had interests in shares, share
awards, warrants or debentures of the Company, or of related corporations, either at the beginning of the financial year, or date
of appointment if later, or at the end of the financial year.
4.
Directors’ contractual benefits
Except as disclosed in the financial statements and emoluments paid by related corporations, since the end of the previous
financial year, no director of the Company has received or become entitled to receive a benefit by reason of a contract made
by the Company or a related corporation with the director, or with a firm of which the director is a member, or with a company
in which the director has a substantial financial interest.
5.
Share plans
Restricted Share Plan and Performance Share Plan
The Sunningdale Tech Ltd Restricted Share Plan (the “RSP”) and Sunningdale Tech Ltd Performance Share Plan (the “PSP”)
were approved by the members of the Company at an Extraordinary General Meeting held on 29 October 2004 for the Circular
dated 13 October 2004 and on 29 April 2014 for the Circular dated 11 April 2014. Details of the RSP and PSP were set out
in the Circulars.
The Remuneration Committee (“RC”) administering the RSP and PSP comprise three directors, Steven Tan Chee Chuan
(Chairman), Steven Uhlmann and Ong Sim Ho. The RC administers the RSP and PSP in accordance with its objectives and
rules thereof and to determine participation eligibility, grant of share awards and any other matters as may be required.
No share awards have been granted under PSP during the financial year under review and as at the date of this report.
The following RSP share awards were granted to employees of the Company and the Group:
No. of
Participants
Date of grant
Market
price of share
awards
at date of
grant
($)
Share
awards granted
during financial
year
Aggregate
share awards
granted
since
commencement
of the RSP
to end of
financial
year
Aggregate
share
awards
forfeited
since date
of grant
to end of
financial
year
Aggregate
share
awards released
since date
of grant
to end of
financial
year
Aggregate
share awards
outstanding
as at end of
financial
year
Under Circular dated 3 October 2004
54
1 November 2010
0.195
<
7,406,000 (661,000)
(6,725,000)
20,000
1
1 February 2011
0.19
<
150,000
<
(150,000)
–
57
12 December 2011
0.093
<
7,520,000 (1,025,000)
(6,455,000)
40,000
59
19 November 2012
0.12
<
7,409,000 (1,178,000)
<
6,231,000
53
20 November 2013
0.136
<
7,114,000 (286,000)
<
6,828,000
Under Circular dated 11 April 2014
32
19 December 2014
0.169
6,670,000
6,670,000
<
<
6,670,000
DIRECTORS’ REPORT
DIRECTORS’ REPORT
