76
COSCO Corporation (Singapore) Limited
DIRECTORS’ REPORT
For the financial year ended 31 December 2014
Financial Statements
Share options
(continued)
(a)
COSCO Group Employees’ Share Option Scheme 2002
(continued)
The Remuneration Committee administering the Scheme 2002 comprises the following directors:
Er Kwong Wah (Chairman)
Wu Zi Heng
Tom Yee Lat Shing
Wang Kai Yuen
Ang Swee Tian
Details of the options granted to directors of the Company are as follows:
Aggregate
granted since
commencement
of Scheme
2002 to
Aggregate
exercised since
commencement
of Scheme
2002 to
Aggregate
lapsed since
commencement
of Scheme
2002 to
Aggregate
outstanding
as at
Name of directors
31.12.2014
31.12.2014
31.12.2014
31.12.2014
Tom Yee Lat Shing
2,200,000
1,900,000
300,000
–
Wang Kai Yuen
2,200,000
1,900,000
300,000
–
Er Kwong Wah
2,200,000
1,600,000
600,000
–
6,600,000
5,400,000
1,200,000
–
No options have been granted during the financial year.
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 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:
Number
of unissued
ordinary
shares
at
1.1.2014
Number
of unissued
ordinary
shares
lapsed during
the financial
year
Number
of unissued
ordinary
shares
at
31.12.2014
Exercise
price
Exercise period
’000
’000
’000
$
2006 Options
550
–
550
1.23
21.2.2007 - 20.2.2016
2007 Options
3,750
(300)
3,450
2.48
5.2.2008 - 4.2.2017
2008 Options
8,910
(500)
8,410
2.95
24.3.2009 - 23.3.2018
13,210
(800)
12,410
