Full Annual Report 2006 - Singapore Technologies Engineering

127
Notes to the Financial Statements 31 DECEMBER 2006
(Currency – Singapore dollars unless otherwise stated)
3. SHARE CAPITAL (continued)
Singapore Technologies Engineering Share Option Plan (“ESOP”)
Information regarding ESOP is as follows:
(a) The exercise price of the options is equal to volume-weighted average price for the shares on the Singapore Exchange
over the three consecutive trading days immediately preceding the date of grant.
(b) The options are exercisable at the end of the first year after date of grant, in accordance with a vesting schedule to be
determined by ERCC and are settled in cash.
(c) The options granted expire after five years for non-executive directors, and 10 years for the employees of the Company
and its subsidiaries.
During the financial year, the Company issued 30,953,004 (2005: 22,230,518) ordinary shares for cash at the respective
price per share upon the exercise of options granted by the Company under ESOS and ESOP:
GRANT NO. NO. OF ORDINARY SHARES ISSUED PRICE PER ORDINARY SHARE
$
96R1 43,138 0.905
96R5 257,698 0.373
96R6 174,668 0.465
97R1 35,000 0.422
97R2 8 0.629
98R1 574,250 1.390
98R3 50,000 1.290
99R1 1,718,730 1.418
9902 803,100 2.000
2001 6,203,973 2.260
2002 529,740 1.808
2003 771,371 2.390
0102N 2,021,490 2.720
0102ND 745,000 2.720
0108N 2,818,209 2.680
0202N 2,121,876 2.290
0202ND 97,750 2.290
0208N 2,380,149 1.920
0208ND 30,250 1.920
0302N 2,664,988 1.790
0302ND 30,250 1.790
0302P 10,000 1.790
0308N 2,273,621 1.860
0308ND 10,436 1.860
0402N 1,847,610 2.090
0402ND 11,225 2.090
0408N 1,407,637 2.120
0408ND 8,850 2.120
0502N 959,798 2.370
0502ND 7,125 2.370
0508N 342,189 2.570
0508ND 2,875 2.570