/ . 5 1
A N N U A L R E P O R T 2 0 1 5
T H E S T R E N G T H O F O U R B R A N D S
Sha r e op t i on s and Sha r e P l an ( Con t ’ d )
Eu r oSpo r t s Pe r f o rmanc e Sha r e P l an ( “ PSP ” )
The Group operates a Performance Share Plan which was approved pursuant to a resolution passed by the shareholders on
29 November 2013.
The PSP is administered by the Remuneration Committee. The participants of the PSP are similar to those of the ESOS.
The PSP 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.
i ndependen t aud i t o r
The independent auditor, RSM Chio Lim LLP, have expressed their willingness to accept appointment.
aud i t Commi t t e e
The members of the Audit Committee at the date of this report are as follows:
•
Ng Tiak Soon (Chairman of the Audit Committee, Non-Executive and Lead Independent Director)
•
Tan Siok Sing (Non-Executive Independent Director)
•
Lim Kim Quee (Non-Executive Independent Director)
