Singapore Press Holdings annual report 2011 Singapore Press ...

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Notes to the Financial StatementS August 31, 2011 114 Singapore Press Holdings annual report 2011 4. SHARE CAPITAL AND TREASURY SHARES Group and Company 2011 2010 Number Number of Shares Amount of Shares Amount ‘000 S$’000 ‘000 S$’000 Issued and fully paid, with no par value Management shares 16,308 6,879 16,296 6,827 Ordinary shares 1,595,337 492,605 1,594,107 487,911 1,611,645 499,484 1,610,403 494,738 Treasury shares (2,704) (11,024) (4,885) (19,921) 1,608,941 488,460 1,605,518 474,817 Movements during the financial year: Beginning of financial year 1,605,518 474,817 1,603,152 465,312 Issue of ordinary shares fully paid under the Singapore Press Holdings Group (1999) Share Option Scheme 1,230 4,694 970 3,809 Issue of management shares fully paid in accordance with the Newspaper and Printing Presses Act 12 52 10 39 1,606,760 479,563 1,604,132 469,160 Treasury shares re-issued for the fulfilment of share awards vested under SPH Performance Share Plan 2,181 8,897 1,386 5,657 End of financial year 1,608,941 488,460 1,605,518 474,817 The holders of both management and ordinary shares rank pari passu in respect of all dividends declared by the Company and in respect of all bonus and rights issues made by the Company, as well as in the right to return of capital and to participation in all surplus assets of the Company in liquidation. In terms of voting rights, both classes of shareholders are entitled either on a poll or by a show of hands to one vote for each share, except that on any resolution relating to the appointment or dismissal of a director or any member of the staff of the Company, the holders of management shares are entitled either on a poll or by a show of hands to two hundred votes for each management share held. (a) Treasury shares No share purchase was made during the financial year and the previous financial year. The Company re-issued 2,180,609 (2010: 1,386,404) treasury shares during the financial year for the fulfilment of share awards vested under the SPH Performance Share Plan at a total value of S$8.9 million (2010: S$5.7 million).
Notes to the Financial StatementS August 31, 2011 115 4. SHARE CAPITAL AND TREASURY SHARES (CONT’D) (b) Share options At the Extraordinary General Meeting held on December 5, 2006, the shareholders approved the adoption of the SPH Performance Share Plan (“the Plan”) and the Singapore Press Holdings Group (1999) Share Option Scheme (“1999 Scheme”) was terminated with regard to the grant of further options. Options granted and outstanding prior to such termination will continue to be valid and be subject to the terms and conditions of the 1999 Scheme. Movements in the number of the unissued shares of the Company under option during the financial year and their exercise prices are as follows: Singapore Press Holdings Group (1999) Share Option Scheme (“1999 Scheme”) 2011 Grant Expiry Exercise Balance Options Options Balance Date Date Price (S$) 01.09.10 Exercised Lapsed 31.08.11 30.10.00 30.10.10 4.78 6,940,675 - (6,940,675) - 06.11.01 06.11.11 3.03 596,025 (318,675) (16,950) 260,400 28.10.02 28.10.12 3.91 3,194,025 (281,800) (108,800) 2,803,425 16.12.03 16.12.13 3.69 3,479,000 (629,950) (155,125) 2,693,925 01.02.04 01.02.14 3.83 35,000 - - 35,000 21.12.04 21.12.14 4.54 12,139,850 - (564,400) 11,575,450 16.12.05 16.12.15 4.30 13,632,450 - (433,500) 13,198,950 40,017,025 (1,230,425) (8,219,450) 30,567,150 2010 Grant Expiry Exercise Balance Options Options Balance Date Date Price (S$) 01.09.09 Exercised Lapsed 31.08.10 27.10.99 27.10.09 5.60 6,750,700 - (6,750,700) - 30.10.00 30.10.10 4.78 7,471,925 - (531,250) 6,940,675 06.11.01 06.11.11 3.03 769,975 (173,950) - 596,025 28.10.02 28.10.12 3.91 3,357,675 (141,150) (22,500) 3,194,025 16.12.03 16.12.13 3.69 4,189,300 (654,625) (55,675) 3,479,000 01.02.04 01.02.14 3.83 35,000 - - 35,000 21.12.04 21.12.14 4.54 12,529,325 - (389,475) 12,139,850 16.12.05 16.12.15 4.30 14,037,650 - (405,200) 13,632,450 49,141,550 (969,725) (8,154,800) 40,017,025 All the outstanding options as at the balance sheet date were exercisable. Options exercised in 2011 resulted in 1,230,425 shares (2010: 969,725) being issued at an average price of S$3.57 (2010: S$3.60) each.
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BUILDING ON OUR STRENGTHS Singapore
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OUR MISSION To Inform, Educate & En
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STRENGTH in depth Our decades of ex
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STRENGTH in mobility Transcending l
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Group financial HIGHLIGHTS for the
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Businesses and products UNDER THE S
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15 I am pleased to report that the
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17 SPH is proud to have been honour
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19 Dr Tan is a Singapore Government
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21 Ms Chong, a licensed valuer, gra
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Corporate INFORMATION 23 Executive
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25 Tony Mallek Han Fook Kwang Goh S
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27 Han Fook Kwang Editor, The Strai
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29 Sng Ngoi May Executive Director,
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31 Despite an uncertain economic cl
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34 Singapore Press Holdings annual
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39 Paragon Food & Beverage Fair 201
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41 DECEMBER 2010 Paragon’s Interi
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43 15 MAY 2011 Shape Singapore laun
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45 SPH & SPH Foundation Charity Giv
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47 President’s Challenge - “Tho
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Corporate social responsibility - S
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Environmental SUSTAINABILITY 51 SPH
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53 SPH Family Day Yoga class for st
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55 Singapore HR Awards 2011 Preside
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57 Asian Publishing Awards 2011 17.
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59 Board attendance The Board meets
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61 Access to information Principle
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Page 86 and 87: Directors’ Report for the financi
Page 92 and 93: Consolidated Income Statement for t
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Page 100 and 101: Notes to the Financial StatementS A
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Notes to the Financial StatementS A
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Operating Companies OF the Group as
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Overseas BUREAUS as at August 15, 2
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Overseas BUREAUS as at August 15, 2
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Singapore Press Holdings Limited 10
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