(b)
Maximum entitlement for Controlling Shareholders and their Associates
As stated in Rules 845(2) and 845(3) of the Listing Manual:
(i)
the aggregate number of Shares available (“
Available Shares
”) to Controlling Shareholders and
their Associates must not exceed 25% of the total number of Scheme Shares; and
(ii)
the number of Available Shares to each Controlling Shareholder or his Associate must not exceed
10% of the total number of Scheme Shares.
As at the Latest Practicable Date:
(i)
there is a total of 29,511,627 Scheme Shares.
(ii)
the aggregate awards of Available Shares to Controlling Shareholders and their Associates (excluding
the Proposed Awards) comprise of:
(1)
the award of 36,830 Performance Shares, representing 0.12% of the total number of
Scheme Shares, to Mr. Roy Ong in FY2011 (“
2011 Award
”);
(2)
the award of 182,830, 182,830 and 49,900 Performance Shares, representing 0.62%, 0.62%
and 0.17% of the total number of Scheme Shares to Mr. Benedict Soh, Mr. Simon Ong and
Mr. Roy Ong respectively in FY2013 (“
2013 Award
”);
(3)
the award of 118,140, 118,140 and 10,080 Performance Shares, representing 0.40%, 0.40%
and 0.03% of the total number of Scheme Shares to Mr. Benedict Soh, Mr. Simon Ong
and Mr. Roy Ong respectively in FY2014 (“
2014 Award
”); and
(4)
the award of 118,780, 118,780 and 13,920 Performance Shares, representing 0.40%, 0.40%
and 0.05% of the total number of Scheme Shares to Mr. Benedict Soh, Mr. Simon Ong
and Mr. Roy Ong respectively in FY2015 (“
2015 Award
”).
Upon vesting of the Proposed Awards, assuming that the maximum number of Performance Shares
are issued, the aggregate awards of Available Shares to Controlling Shareholders and their Associates
(including the Proposed Awards) will comprise 4.47% of the total number of Scheme Shares.
(iii)
the aggregate awards of Available Shares to Mr. Benedict Soh (including the 2013 Award,
the 2014 Award, the 2015 Award and the Proposed Award) comprise 2.03% of the total number
of Scheme Shares.
The aggregate awards of Available Shares to Mr. Simon Ong (including the 2013 Award,
the 2014 Award, the 2015 Award and the Proposed Award) comprise 2.03% 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, the 2015 Award and the Proposed Award) comprise 0.41% 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.
letter to
shareholders
• e x p e r i e n c i n g
k i n g s m e n
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