Page 79 - ar2013.pdf

DIRECTORS’ REPORT
For the Ànancial year ended 31 December 2013
77
Annual Report 2013
F i nanc i a l Statement s
Share options (continued)
(a) COSCO Group Employees’ Share Option Scheme 2002 (continued)
No options have been granted to controlling shareholders of the Company or their associates (as defined in the
Listing Manual of the Singapore Exchange Securities Trading Limited).
No options have been granted during the financial year.
No participant under the Scheme 2002 has received 5% or more of the total number of shares under option
available under the Scheme 2002.
There were no shares of the Company allotted and issued by virtue of the exercise of options to take up unissued
shares of the Company during the financial year. There were no unissued shares of the subsidiaries under option at
the end of the financial year.
(b) Share options outstanding
The number of unissued ordinary shares of the Company under option in relation to the Scheme 2002 outstanding
at the end of the financial year was as follows:
Options relating to
Scheme 2002
Number
of unissued
ordinary
shares at
1.1.2013
Number
lapsed
during the
financial
year
Number
of unissued
ordinary
shares at
31.12.2013
Exercise
price Exercise period
’000 ’000 ’000 $
2006 Options 550 – 550 1.23 21.2.2007 - 20.2.2016
2007 Options 6,250 (2,500) 3,750 2.48 5.2.2008 - 4.2.2017
2008 Options (i) 12,750 (3,840) 8,910 2.95 24.3.2009 - 23.3.2018
19,550 (6,340) 13,210
(i) For non-executive directors, the exercise period shall be 24.3.2009 to 23.3.2013.
Independent auditor
The independent auditor, PricewaterhouseCoopers LLP, has expressed its willingness to accept re-appointment.
On behalf of the directors
WU ZI HENG
Director
TOM YEE LAT SHING
Director
3 March 2014