tomypak holdings berhad annual report 2012 - Announcements ...

ANNUAL REPORT 2012 pg 40
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Directors’ Report (Cont’d)
for the year ended 31 December 2012
Directors’ benefits
Since the end of the previous financial year, no Director of the Company has received nor become entitled to
receive any benefit (other than a benefit included in the aggregate amount of emoluments received or due and
receivable by Directors as shown in the financial statements) by reason of a contract made by the Company or a
related corporation with the Director or with a firm of which the Director is a member, or with a company in which
the Director has a substantial financial interest.
There were no arrangements during and at the end of the financial year which had the object of enabling 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 apart from the issuance of the Company’s Employees’ Share Option Scheme (“ESOS”).
Issue of shares
During the financial year, the Company issued 118,100 new ordinary shares of RM0.50 each at par for cash arising
from the exercise of employees’ share options at a weighted average exercise price of RM0.50 per ordinary share.
At the Annual General Meeting held on 18 May 2012, the shareholders of the Company renewed their approval
for the Company to repurchase its own shares. During the financial year, the Company repurchased in the open
market a total of 19,000 of its issued ordinary shares. The average repurchase price was RM0.95. The repurchase
transactions were financed by internally generated funds and the repurchased shares are being held as treasury
shares and carried at cost.
There were no other changes in the authorised, issued and paid-up capital of the Company during the financial year.
Options granted over unissued shares
No other options were granted to any person to take up unissued shares of the Company during the financial year
apart from the issue of options pursuant to the ESOS.
At an Extraordinary General Meeting held on 16 January 2003, the Company’s shareholders approved the
establishment of an ESOS of not more than 10% of the issue share capital of the Company to eligible Directors
and employees of the Group. The expiry date of the ESOS is on 5 May 2008; however on 16 April 2008, the expiry
date was extended by a further 5 years to 5 May 2013.
On 19 November 2009, a further grant on similar terms was offered to eligible Directors and employees of the Group.
The option offered to take up the unissued ordinary shares are as follows:
Number of options over ordinary shares
of RM0.50 each
Exercise At At
Date of offer price 1 January 31 December
RM 2012 Exercised 2012
‘000 ‘000 ‘000
19.11.2009 0.60 321 (118) 203
TOMYPAK HOLDINGS BERHAD