notes to the financial statements - Food Empire Holdings Limited

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DIRECTORS’ REPORT (cont’d) Directors’ interests in shares and debentures (cont’d) Name of Director Share options held in the name of the Directors At the beginning of the year At the end of the year Share options held in the name of the Directors As at 21 January 2013 The Company Options to subscribe for ordinary shares exercisable between 25 May 2006 to 24 May 2014 at S$0.229 per share Sudeep Nair 1 3,300,000 – – Options to subscribe for ordinary shares exercisable between 4 January 2011 to 3 January 2020 at S$0.335 per share Sudeep Nair 1,300,000 1,300,000 1,300,000 Ong Kian Min 100,000 100,000 100,000 Lew Syn Pau 100,000 100,000 100,000 Boon Yoon Chiang 60,000 60,000 60,000 Options to subscribe for ordinary shares exercisable between 1 February 2012 to 31 January 2021 at S$0.505 per share Sudeep Nair 1,400,000 1,400,000 1,400,000 Ong Kian Min 100,000 100,000 100,000 Lew Syn Pau 100,000 100,000 100,000 Boon Yoon Chiang 100,000 100,000 100,000 Options to subscribe for ordinary shares exercisable between 19 December 2012 to 18 December 2021 at S$0.315 per share Sudeep Nair 1,500,000 1,500,000 1,500,000 Ong Kian Min 100,000 100,000 100,000 Lew Syn Pau 100,000 100,000 100,000 Boon Yoon Chiang 100,000 100,000 100,000 1 The share options were granted before his appointment as an Executive Director of the Company. 44
Food Empire Holdings Limited Annual Report 2012 DIRECTORS’ REPORT (cont’d) Directors’ interests in shares and debentures (cont’d) By virtue of Section 7 of the Singapore Companies Act, Cap. 50, Mr. Tan Wang Cheow and Mdm. Tan Guek Ming are deemed to have an interest in the Company’s subsidiaries at the end of the financial year. There was no change in any of the above-mentioned interests between the end of the financial year and 21 January 2013. Except as disclosed in this report, no Director who held office at the end of the financial year had interests in shares, share options, warrants or debentures of the Company, or of related corporations, either at the beginning of the financial year, or date of appointment if later, or at the end of the financial year. Directors’ contractual benefits Except as disclosed in the financial statements, since the end of the previous financial year, no Director of the Company has received or become entitled to receive a benefit 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. Share options The Food Empire Holdings Limited Share Option Scheme (the “2002 Option Scheme”) was approved and adopted at an Extraordinary General Meeting of the Company held on 22 January 2002, which has since expired on 31 December 2011. The Food Empire Holdings Limited Share Option Scheme (the “2012 Option Scheme”) was approved and adopted at an Extraordinary General Meeting of the Company held on 27 April 2012. The 2002 Option Scheme and 2012 Option Scheme are administered by the Remuneration Committee (“RC”) which comprises Mr. Lew Syn Pau (Chairman), Mr. Ong Kian Min, Mr. Boon Yoon Chiang, Mdm. Tan Guek Ming and Mr. Koh Yew Hiap. The total number of shares in respect of the 2012 Option Scheme and the 2002 Option Scheme that may be offered shall not exceed 15% of the Company’s total issued share capital on the day immediately preceding the offer date. 45
Page 1: INVEST MONEY ASSET PRODUCTS WORK IT
Page 4 and 5: INTRODUCTION VOYAGE OF DISCOVERIES
Page 6 and 7: CORPORATE PROFILE EVERYTHING YOU NE
Page 8 and 9: EXECUTIVE CHAIRMAN’S MESSAGE FRON
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Page 18 and 19: MARKETING ACTIVITIES CREATING BUZZ
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Page 22 and 23: GLOBAL PRESENCE COAST TO COAST Russ
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Page 26 and 27: BOARD OF DIRECTORS THE BUSINESS COL
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NOTES TO THE FINANCIAL STATEMENTS (
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SHAREHOLDERS’ INFORMATION (cont
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NOTICE OF ANNUAL GENERAL MEETING NO
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