Full Report - Fraser and Neave Limited
Full Report - Fraser and Neave Limited
Full Report - Fraser and Neave Limited
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
NOTES TO THE FINANCIAL STATEMENTS<br />
for the year ended 30 September 2006<br />
31. PROVISION FOR EMPLOYEE BENEFITS (cont’d)<br />
(d) Share Options (cont’d)<br />
<strong>Fraser</strong> & <strong>Neave</strong> Holdings Bhd Executives’ Share Option Scheme<br />
Balance as at<br />
1.10.2005 or Balance<br />
Offer Date Options Options as at Exercise<br />
Options Offer Date if later Lapsed Exercised 30.9.2006 Price Exercise Period<br />
2001 08.12.2000 45,599 (18,199) (27,400) – RM 3.13 08.09.2003 – 07.11.2005<br />
2002 31.12.2001 406,188 (7,400) (363,088) 435,700 RM 3.56 01.10.2004 – 30.11.2006<br />
2003 21.11.2002 1,531,800 (8,200) (1,438,300) 85,300 RM 3.49 21.08.2005 – 20.10.2007<br />
2004 24.11.2003 2,233,200 (55,500) (700,200) 1,477,500 RM 3.83 24.08.2006 – 23.10.2008<br />
2005 24.11.2004 2,328,900 (102,800) – 2,226,100 RM 4.89 24.08.2007 – 23.10.2009<br />
2006 26.08.2005 2,380,400 (127,900) – 2,252,500 RM 5.54 26.05.2008 – 25.07.2010<br />
2007 26.09.2006 2,318,700 – – 2,318,700 RM 6.12 26.06.2009 – 25.08.2011<br />
11,244,787 (319,999) (2,528,988) 8,795,800<br />
The weighted average fair value of options granted during the year was RM0.62 (2005: RM0.47).<br />
The weighted average share price for options exercised during the year was RM6.06 (2005: RM5.09).<br />
<strong>Fraser</strong>s Property (China) <strong>Limited</strong> Share Option Scheme<br />
Balance as at Adjustment<br />
1.10.2005 or due to Balance Previous Adjusted<br />
Offer Date Options Options Rights as at Exercise Exercise<br />
Options Offer Date if later Lapsed Exercised Issue # 30.9.2006 Price Price # Exercise Period<br />
2003 31.12.2003 12,600,000 (2,599,720) – 837,289 10,837,569 HK$0.1706 HK$0.1580 31.12.2004 - 30.12.2013<br />
2004 31.12.2004 12,000,000 (1,323,832) – 873,831 11,549,999 HK$0.1670 HK$0.1547 31.12.2005 - 30.12.2014<br />
2005 31.12.2005 13,100,000 (323,832) – 1,040,656 13,816,824 HK$0.1450 HK$0.1343 30.12.2006 - 29.12.2015<br />
37,700,000 (4,247,384) – 2,751,776 36,204,392<br />
# adjustment due to Rights Issue on 12 September 2006<br />
The weighted average fair value of options granted during the year was HK$0.09 (2005: HK$0.10).<br />
No options were exercised during the year.<br />
<strong>Fraser</strong> <strong>and</strong> <strong>Neave</strong>, <strong>Limited</strong> & Subsidiary Companies Annual <strong>Report</strong> 2006 151
Change language