KINGSMEN CREATIVES LTD
ANNUAL REPORT
2014
111
(iii)
the aggregate awards of Available Shares to Mr. Benedict Soh (including the 2013 Award, the
2014 Award and the Proposed Award) comprise 1.51% of the total number of Scheme Shares.
The aggregate awards of Available Shares to Mr. Simon Ong (including the 2013 Award, the
2014 Award and the Proposed Award) comprise 1.51% of the total number of Scheme Shares.
The aggregate awards of Available Shares to Mr. Roy Ong (including the 2011 Award, the
2013 Award, the 2014 Award and the Proposed Award) comprise 0.43% of the total number of
Scheme Shares.
(c)
Announcement relating to the Proposed Awards
The Company will make an announcement in relation to the Proposed Awards, if approved by
Independent Shareholders, on the date of grant of Awards and provide details, including (i) the date
of grant; (ii) the number of Performance Shares granted; (iii) the market price of its Shares on the
date of grant; and (iv) the number of Performance Shares granted to each Director and Controlling
Shareholder (and each of their Associates), in accordance with Rule 704(29) of the Listing Manual.
3.5 Potential cost
The Scheme is considered a share-based payment that falls under the scope of FRS 102, Share-based Payment.
For the grant of Awards, the fair value of employee services received in exchange for the grant of such Awards
would be determined by reference to the fair value of each Award granted on the date of the grant and would
be recognised as an expense in the Group’s income statement with a corresponding adjustment to the share
capital account when new Shares are issued, or to treasury shares account when treasury shares are re-issued
to the employees. The fair value of the Proposed Awards to Mr. Benedict Soh, Mr. Simon Ong and Mr. Roy
Ong is expected to be the prevailing market price per Share on the date of grant multiplied by the number of
Shares under each Award.
4.
DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTEREST
As at the Latest Practicable Date, the interests of the Directors in the Shares, as extracted from the Company’s
Register of Directors’ Shareholdings, and the interests of substantial Shareholders (being a Shareholder whose
interest in the Company’s issued share capital is equal to or more than 5%), as extracted from the Company’s Register
of Substantial Shareholders, are as follows:
Number of Shares
Name
Direct Interest
% Deemed Interest
%
Directors
Soh Siak Poh Benedict
8,035,409
4.13
37,993,060
(1)
19.53
Simon Ong Chin Sim
8,035,390
4.13
37,993,060
(2)
19.53
Chong Siew Ling
3,634,761
1.87
-
-
Prabhakaran s/o Narayanan Nair
-
-
-
-
Wong Ah Long
-
-
36,000
(3)
0.02
Tan Cher Liang
-
-
-
-
Substantial Shareholders
Islanda Pte Ltd
37,993,060
19.53
-
-
O-Vest Pte Ltd
37,993,060
19.53
-
-
Png Geok Choo Rose
-
-
37,993,060
(1)
19.53
Soh E-Ling Marianne
-
-
37,993,060
(1)
19.53
Soh Hsien Wern Gavin
-
-
37,993,060
(1)
19.53
Jillian Soh E-Ping
-
-
37,993,060
(1)
19.53
Vera Ong Lim Guek Noi
-
-
37,993,060
(2)
19.53
Ong Mei Lin Elita
-
-
37,993,060
(2)
19.53
Delta Lloyd Asset Management N.V.
-
-
11,632,000
(4)
5.98
Letter To Shareholders
