/ . 4 0
E U R O S P O R T S G L O B A L L I M I T E D
The exercise price for each option shall be determined and fixed by the Remuneration Committee at (a) a price (“
market
Price
”) equal to the average of the last dealt price for the shares on Catalist for five consecutive market days immediately
preceding the relevant date of grant of the relevant option; or (b) a price which is set at a discount to the Market Price, the
quantum of such discount to be determined by the Remuneration Committee in its absolute discretion, provided that the
maximum discount which may be given in respect of any option shall not exceed 20% of the Market Price.
The PSP is administered by the Remuneration Committee and shall continue in force at the discretion of the Remuneration
Committee, subject to a maximum period of 10 years commencing on the date on which the PSP is adopted by the Company
in general meeting, provided always that the PSP may continue beyond the above stipulated period with the approval of the
shareholders by ordinary resolution in general meeting and of any relevant authorities which may then be required.
The total number of shares over which the Remuneration Committee may grant the options under the ESOS and the total
number of shares which may be delivered pursuant to the vesting of awards under the PSP on any date, when added to the
number of shares issued and issuable in respect of (i) all options granted under the ESOS; (ii) all awards granted under the
PSP; and (iii) all outstanding options, shares or awards issued/issuable or granted under such other share-based incentive
schemes or share plans of the Company, shall not exceed 15% of the total number of issued shares (excluding treasury shares,
as defined in the Act) of the Company on the day immediately preceding the offer date of the option or from time to time.
During the reporting year, no option to take up unissued shares of the Company or its subsidiary was granted.
During the reporting year, there were no shares of the Company or its subsidiaries issued by virtue of the exercise of an option
to take up unissued shares.
At the end of the reporting year, there were no unissued shares of the Company or its subsidiary under option.
During the reporting year, no shares were issued pursuant to the PSP.
Remune r a t i on o f d i r e c t o r s and t he CEO
The remuneration paid to or accrued to each director for FY2015 is as follows:
Fees
S$’000
Salary
S$’000
Fixed bonus
(1)
S$’000
Variable or
Performance
related income
/ bonus
S$’000
other benefits
and benefits
in Kind
(2)
S$’000
Total
S$’000
Melvin Goh
–
550
120
–
28
698
Andy Goh
–
468
99
–
61
628
Lim Kim Quee
35
–
–
–
–
35
Ng Tiak Soon
50
–
–
–
–
50
Tan Siok Sing
35
–
–
–
–
35
Notes:
(1) The Company paid the Executive Directors three months of contractual fixed bonuses.
(2) Other benefits and benefits in kind include transport allowances, usage of car and membership subscription.
CorPoraTE
goVErnanCE rEPorT
