BUILDING LANDMARKS, CHARTING GROWTH
181
Annual Report 2015
SHARE OPTIONS
(continued)
For eligible participants who have been in employment with less than 12 months services as at date of grant:
• After 2
nd
anniversary of the date of grant
– 25% of options granted
• After 3
rd
anniversary of the date of grant
– 25% of options granted
• After 4
th
anniversary of the date of grant
– 25% of options granted
• After 4.5
th
anniversary of the date of grant – 25% of options granted
On 8 October 2015, the Company also granted 5,100,000 options at $0.95 per share (based on Market Price) to Mr. Pua Seck
Guan with the same validity and vesting periods. As at 31 December 2015, the total number of outstanding options under the
grant was 20,590,000.
At the end of the financial period, details of the options granted on the unissued ordinary shares of the Company are as follows:
Unissued Shares under the Scheme
No. of
options
No. of
granted options
No. of
Exercise
As at during the lapsed/
options
As at
price per
Date of grant
1/7/2014
period cancelled exercised 31/12/2015
share Validity period
’000
’000
’000
’000
’000
$
26/10/2010 –
26/10/2009
360
–
(360)
–
–
0.15
25/10/2014
Unissued Shares under the Perennial ESOS 2014
No. of
options
No. of
granted options
No. of
Exercise
As at during the lapsed/
options
As at
price per
Date of grant
1/7/2014
period cancelled exercised 31/12/2015
share Validity period
’000
’000
’000
’000
’000
$
16/5/2016 –
15/5/2015
–
15,590
(100)
–
15,490
1.07
15/5/2020
9/10/2016 –
8/10/2015
–
5,100
–
–
5,100
0.95
8/10/2020
Total
–
20,690
(100)
–
20,590
The number of options granted during the period represents 1.25% of the total number of shares issued as at 31 December 2015.
During the financial period, except as disclosed in the statement, there were:
(i)
no options granted by the Company or its subsidiaries to any person to take up unissued shares in the Company or
its subsidiaries;
(ii)
no shares issued by virtue of any exercise of option to take up unissued shares of the Company or its subsidiaries; and
(iii)
no options that entitle the holders to participate, by virtue of the options, in any share issue of any other corporation have
been granted.
DIRECTORS’ STATEMENT
