3.
PROPOSED AWARDS
3.1 Proposed Award to Mr. Soh Siak Poh Benedict, a Controlling Shareholder
As set out in Resolution 9 of the notice of the 2016 AGM, it is proposed that Mr. Benedict Soh be granted an
Award in accordance with the rules of the Scheme and on the following terms:
Proposed date of grant of Award
:
within four (4) weeks from the date of the 2016 AGM
Number of Performance Shares
:
up to 180,000 Shares
Moratorium period
:
12 months from the date of grant of the Award
Date of vesting of Award
:
the date of grant of the Award
Rationale
Mr. Benedict Soh is the Group’s Executive Chairman, overseeing the Group’s strategic development and setting
the overall strategy and policies. He is also responsible for exploring strategic business opportunities. As one of
the founders of the Group, Mr. Benedict Soh has been instrumental in spearheading the growth of the Group’s
business operations.
The Company seeks to reward Mr. Benedict Soh, via the Proposed Award, for his significant contributions to the
Group’s success and growth. The Proposed Award will form a part of Mr. Benedict Soh’s remuneration.
The Directors are of the view that granting the Award to Mr. Benedict Soh will motivate him to continue to achieve
superior performance, and create greater Shareholders’ value in order to realise the benefits of the Award in due
course. This will enhance Mr. Benedict Soh’s long-term commitment to the Group, and promote the long-term
growth and development of the Group.
The Committee is of the view that granting the Award to Mr. Benedict Soh will provide him with an
increased sense of ownership in, and encourage greater dedication to, the Group, which would align
Mr. Benedict Soh’s interests with the interests of Shareholders. In arriving at the value of the Proposed Award to
Mr. Benedict Soh and the number of Performance Shares proposed to be granted, the Committee took into
consideration,
inter alia
, Mr. Benedict Soh’s scope of responsibilities, his performance and contributions to the
Group, the Group’s financial performance and comparable industry benchmarks for executive remuneration.
Mr. Benedict Soh has abstained from the decision-making process of the Board and the Committee in relation
to the Proposed Award.
3.2 Proposed Award to Mr. Simon Ong Chin Sim, a Controlling Shareholder
As set out in Resolution 10 of the notice of the 2016 AGM, it is proposed that Mr. Simon Ong be granted an
Award in accordance with the rules of the Scheme and on the following terms:
Proposed date of grant of Award
:
within four (4) weeks from the date of the 2016 AGM
Number of Performance Shares
:
up to 180,000 Shares
Moratorium period
:
12 months from the date of grant of the Award
Date of vesting of Award
:
the date of grant of the Award
Rationale
Mr. Simon Ong is the Group Managing Director and Executive Director, responsible for the Group’s overall
management and development of the Group’s local and overseas operations, as well as executing the strategic
plans set out by the Board. He is also responsible for the overall strategy and policies of the Group’s creative
directions and standards. As one of the founders of the Group, Mr. Simon Ong has been instrumental in formulating
the Group’s business strategy and creative direction.
The Company seeks to reward Mr. Simon Ong, via the Proposed Award, for his significant contributions to the
Group’s success and growth. The Proposed Award will form a part of Mr. Simon Ong’s remuneration.
letter to
shareholders
• e x p e r i e n c i n g
k i n g s m e n
1 2 8
