/ . 5 0
E U R O S P O R T S G L O B A L L I M I T E D
Con t r a c t ua l bene f i t s o f D i r e c t o r s
Since the beginning of the reporting year, no Director of the Company has received or become entitled to receive a benefit
which is required to be disclosed under section 201(8) of the Act by reason of a contract made by the Company or a related
corporation with the Director or with a firm of which he is a member, or with a Company in which he has a substantial financial
interest except as disclosed in the financial statements.
Sha r e op t i on s and Sha r e P l an
Eu r oSpo r t s Emp l oy e e Sha r e op t i on S cheme ( “ ESoS ” )
The ESOS was approved pursuant to a resolution passed by the shareholders on 29 November 2013.
The ESOS is administered by the Remuneration Committee whose members are:
•
Lim Kim Quee (Chairman of the Remuneration Committee, Non-Executive Independent Director)
•
Tan Siok Sing (Non-Executive Independent Director)
•
Ng Tiak Soon (Non-Executive and Lead Independent Director)
Subject to the absolute discretion of the Remuneration Committee, options may be granted to the following groups of
participants under the ESOS:
•
Group employees; and
•
Group Directors (including Group Executive Directors, Group Non-Executive Directors and Independent Directors)
Controlling shareholders are not eligible to participate in the ESOS. However, associates of a controlling shareholder who meet
the eligibility criteria are eligible to participate in the ESOS provided that (a) the participation of; and (b) the terms of each grant
and the actual number of options granted under the ESOS, to a participant who is an associate of a controlling shareholder shall
be approved by our independent shareholders in separate resolutions for each such person.
Offers for the grant of options may be made at any time from time to time at the discretion of the Remuneration Committee,
in accordance with the SGX-ST Catalist Listing Manual. Options which are fixed at the market price may be exercised after
the first anniversary of the date of grant of that option while options exercisable at a discount to the market price may only
be exercised after the second anniversary from the day of grant of the option. The ESOS shall continue in operation for a
maximum of 10 years commencing on the date on which the ESOS is adopted by the Company in general meeting.
The exercise price for each option shall be determined by the Remuneration Committee at its absolute discretion, and fixed
by the Remuneration Committee at:
•
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
•
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.
DirECTorS ’
rEPorT
Y E a r E nD E D 3 1 ma r Ch 2 0 1 5
