GOING
THE DISTANCE
EUROSPORTS
GLOBAL
.50
5.
SHARE OPTIONS AND SHARE PLAN (CONT¡¯D)
EuroSports Employee Share Option Scheme (¡°ESOS¡±) (Cont¡¯d)
The exercise price for each option shall be determined by the Remuneration Committee at its absolute discretion,
and fixed by the Remuneration Committee at:
¡Ş
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
¡Ş
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.
EuroSports Performance Share Plan (¡°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 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 other body corporate in the
group was granted.
During the reporting year, there were no shares 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 under option.
During the reporting year, no shares were issued pursuant to the PSP.
YEAR ENDED
31 MARCH, 2016
S TAT EMEN T
B Y D I R E C TOR S
