6.
Kingsmen performance share scheme (cont’d)
The KPSS Committee consists of the directors of the Company (being the three executive directors, Mr Soh Siak Poh
Benedict, Mr Simon Ong Chin Sim and Mr Chong Siew Ling, and the three independent directors, Mr Prabhakaran S/O
Narayanan Nair, Mr Wong Ah Long and Mr Tan Cher Liang). The quorum for any KPSS Committee meeting shall be three
directors, of which two of the directors shall be independent directors. The KPSS shall be administered by the KPSS
Committee in its absolute discretion with such powers and duties as are conferred on it by the board of directors, except
that in compliance with the requirements of the Listing Manual, no member of the KPSS Committee shall participate in
any deliberation or decision in respect of share awards granted or to be granted to him.
The KPSS shall continue in force at the discretion of the KPSS Committee, subject to a maximum period of ten years
commencing on 29 April 2009 which is the date the KPSS is adopted by the Company in general meeting, provided
always that the KPSS may continue beyond the above stipulated period with the approval of members of the Company
by ordinary resolution in general meeting and of any relevant authorities which may then be required. The KPSS may be
terminated at any time by the KPSS Committee or by resolution of the Company in general meeting subject to all relevant
approvals, which may be required, and if the KPSS is terminated, no further awards shall be vested by the Company.
During the reporting year, an aggregate of 1,360,920 (2014: 1,236,310) performance shares were awarded to and
accepted by 77 (2014: 78) participants.
At the end of the reporting year under review, details of the performance shares awarded under the KPSS are as follows:
Detail of Participant
Balance
as at
1.1.2015
Share awards
granted
during the
reporting year
Share awards
vested
during the
reporting year
Balance
as at
31.12.2015
Aggregate
ordinary shares
awarded since
commencement
of KPSS to end
of reporting year
under review
(a)
(b)
(a)+(b)
Controlling shareholders and
associate
Soh Siak Poh Benedict
300,970
118,780
118,780 419,750
419,750
Simon Ong Chin Sim
300,970
118,780
118,780 419,750
419,750
Ong Chin Kwan
96,810
13,920
13,920 110,730
110,730
Director
Chong Siew Ling
–
100,000
100,000 100,000
100,000
Employees
4,384,360
1,009,440
1,009,440 5,393,800
5,393,800
5,083,110
1,360,920
1,360,920 6,444,030
6,444,030
No participants have been awarded 5% or more of the total number of performance shares which may be issued under
the KPSS since its commencement.
The aggregate number of performance shares available to controlling shareholders and their associates must not
exceed 25% of the performance shares available under the KPSS. The number of performance shares available to each
controlling shareholder or his associate must also not exceed 10% of the performance shares available under the KPSS.
The aggregate number of performance shares issued and issuable pursuant to the KPSS and any other share based
incentive schemes of the Company shall not exceed 15% of the total number of issued shares (excluding treasury shares)
in the capital of the Company from time to time.
k i n g s m e n c r e a t i v e s l t d
a n n u a l r e p o r t 2 0 1 5
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