ANNUAL REPORT
2016
.49
STATEMENT
BY DIRECTORS
4.
ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE BENEFITS BY MEANS OF THE ACQUISITION OF SHARES
AND DEBENTURES
Neither at the end of the reporting year nor at any time during the reporting year did there subsist arrangements to
which the company is a party, being arrangements whose objects are, or one of whose objects is, to enable directors
of the company to acquire benefits by means of the acquisition of shares in or debentures of the company or any
other body corporate.
5.
SHARE OPTIONS AND SHARE PLAN
EuroSports Employee Share Option Scheme (¡°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.
