Annual Report 2011 - Hongkong Land
Annual Report 2011 - Hongkong Land
Annual Report 2011 - Hongkong Land
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Directors’ Share Interests<br />
The Directors of the Company in office on 1st April 2012 had interests (within the meaning of the Disclosure and Transparency<br />
Rules (‘DTRs’) of the Financial Services Authority (the ‘FSA’) of the United Kingdom) in the ordinary share capital of the Company at<br />
22nd March 2012 as set out below. These interests included those notified to the Company in respect of the Directors’ connected<br />
persons (as that term is used in the DTRs in relation to companies incorporated outside the United Kingdom).<br />
Simon Keswick 74,521<br />
Y.K. Pang 38,000<br />
Charles Allen-Jones 60,000<br />
Dr Richard Lee 3,678,685<br />
A.J.L. Nightingale 2,184<br />
Substantial Shareholders<br />
As a non-UK issuer, the Company is subject to the DTRs pursuant to which a person must in certain circumstances notify the Company<br />
of the percentage of voting rights attaching to the share capital of the Company that he holds. The obligation to notify arises if that<br />
person acquires or disposes of shares in the Company which results in the percentage of voting rights which he holds reaching,<br />
exceeding or falling below 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%.<br />
The Company has been informed of the holding of voting rights of 5% or more attaching to the Company’s issued ordinary share<br />
capital by Jardine Strategic Holdings Limited (‘Jardine Strategic’), which is directly interested in 1,176,616,646 ordinary shares carrying<br />
50.23% of the voting rights. By virtue of its interest in Jardine Strategic, Jardine Matheson is also interested in the same ordinary<br />
shares. Apart from this shareholding, the Company is not aware of any holders of voting rights of 5% or more attaching to the issued<br />
ordinary share capital of the Company as at 22nd March 2012.<br />
There were no contracts of significance with corporate substantial shareholders during the year under review.<br />
Relations with Shareholders<br />
The 2012 <strong>Annual</strong> General Meeting will be held at The Fairmont Southampton, Bermuda on 9th May 2012. The full text of the resolutions<br />
and explanatory notes in respect of the meeting are contained in the Notice of Meeting which accompanies this <strong>Report</strong>. All shareholders<br />
are invited to attend the <strong>Annual</strong> General Meeting and participate in communicating with the Company. The Company holds regular<br />
meetings with institutional shareholders. A corporate website is maintained containing a wide range of information of interest to<br />
investors at www.hkland.com.<br />
Securities Purchase Arrangements<br />
At the <strong>Annual</strong> General Meeting held on 11th May <strong>2011</strong>, shareholders renewed the approval of a general mandate authorising the<br />
Directors to effect purchases by the Company or its subsidiaries of the Company’s own ordinary shares of less than 15% in aggregate<br />
of its issued share capital.<br />
Related Party Transactions<br />
Details of transactions with related parties entered into by the Company during the course of the year are included in Note 28 to the<br />
financial statements on pages 56 and 57. There were no transactions entered into by the Company during the course of the year to<br />
which the related party transaction rules of the FSA in the United Kingdom apply.<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> 67