Full Annual Report 2006 - Singapore Technologies Engineering

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97 Directors’ Report AS AT 31 DECEMBER 2006 (Currency – Singapore dollars unless otherwise stated) DIRECTORS’ INTERESTS IN SHARES OR DEBENTURES (continued) 1 JANUARY 2006 OR DATE OF APPOINTMENT 31 DECEMBER EXERCISE IF LATER 2006 PRICE EXERCISABLE PERIOD $ SembCorp Marine Ltd Options to Subscribe for Ordinary Shares Tan Pheng Hock 20,000 N.A. *2 0.66 28.9.2002 to 27.9.2006 40,000 N.A. *2 0.90 8.11.2003 to 7.11.2007 50,000 N.A. *2 0.99 9.8.2004 to 8.8.2008 50,000 N.A. *2 1.04 11.8.2005 to 10.8.2009 35,000 N.A. *2 2.96 12.8.2006 to 11.8.2010 StarHub Ltd Options to Subscribe for Ordinary Shares Peter Seah Lim Huat 37,500 – 0.88 30.11.2003 to 29.11.2007 18,750 – 0.88 31.5.2004 to 30.5.2008 18,750 6,250 0.88 29.11.2004 to 28.11.2008 18,750 6,250 0.96 3.4.2005 to 2.4.2009 18,750 12,500 0.985 27.11.2005 to 26.11.2009 25,500 17,000 1.52 31.5.2006 to 30.5.2010 STT Communications Ltd Options to Subscribe for Ordinary Shares Peter Seah Lim Huat 2,000 – 0.50 29.6.2003 to 28.6.2012 19,500 9,750 0.57 30.7.2004 to 29.7.2013 130,000 65,000 1.08 29.7.2005 to 28.7.2014 Singapore Telecommunications Limited Options to Subscribe for Ordinary Shares Quek Poh Huat 60,000 – 1.42 9.9.2003 to 9.9.2007 1 JANUARY 2006 OR DATE OF APPOINTMENT 31 DECEMBER IF LATER 2006 VESTING PERIOD Global Crossing Limited Restricted Stock Units of US$0.01 each Peter Seah Lim Huat 6,750 5,625 8.3.2005 to 8.3.2009 – 3,294 15.8.2007
THE WINNING SPIRIT ST Engineering AR 2006 98 Directors’ Report AS AT 31 DECEMBER 2006 (Currency – Singapore dollars unless otherwise stated) DIRECTORS’ INTERESTS IN SHARES OR DEBENTURES (continued) HOLDINGS IN THE NAME OF THE DIRECTOR, SPOUSE OR INFANT CHILDREN 1 JANUARY 2006 OR DATE OF APPOINTMENT IF LATER 31 DECEMBER 2006 The Company Conditional Award of 250,000 performance shares to be delivered after 2005 Tan Pheng Hock 0 to 500,000 #1 – Conditional Award of 250,000 performance shares to be delivered after 2006 Tan Pheng Hock 0 to 500,000 #2 0 to 500,000 #2 Conditional Award of 250,000 performance shares to be delivered after 2007 Tan Pheng Hock 0 to 375,000 #3 0 to 375,000 #3 Conditional Award of 250,000 performance shares to be delivered after 2008 Tan Pheng Hock – 0 to 375,000 #4 *1 Includes deemed interest in 200,000 shares held in the name of Winmark Investments Pte Ltd, a company in which Winston Tan Tien Hin has a 50% interest. *2 SembCorp Industries Ltd, SembCorp Logistics Ltd and SembCorp Marine Ltd ceased to be related corporations of Temasek Holdings (Private) Limited during the financial year. *3 Includes deemed interest in 100,000 shares in Singapore Telecommunications Limited, held by Winmark Investments Pte Ltd, a company in which Winston Tan Tien Hin has a 50% interest. *4 Includes deemed interest in 133,000 shares in Singapore Telecommunications Limited, held by Winmark Investments Pte Ltd, a company in which Winston Tan Tien Hin has a 50% interest. *5 Includes deemed interest in 366 shares in SNP Corporation Ltd, held by Winmark Investments Pte Ltd, a company in which Winston Tan Tien Hin has a 50% interest. † Held in trust by a trustee company on behalf of a director. #1 The actual number of shares to be delivered will depend on the achievement of set targets over a three-year period from 2003 to 2005. Achievement of targets below 80% target level will mean no performance shares will be delivered, while achievement up to 200% will mean up to twice the number of performance shares can be delivered. For this period, Mr Tan Pheng Hock was awarded 87,500 new shares on 20 February 2006 upon partial achievement of targets set. The balance of the conditional performance shares award covering the period from 2003 to 2005 has thus lapsed. #2 The actual number delivered will depend on the achievement of set targets over a three-year period from 2004 to 2006. Achievement of targets below 80% target level will mean no performance shares will be delivered, while achievement up to 200% will mean up to twice the number of performance shares can be delivered.
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THE WINNING SPIRIT ANNUAL REPORT 20
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11 Peter SEAH Lim Huat Chairman (le
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THE WINNING SPIRIT ST Engineering A
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33 Corporate Governance Board’s C
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35 Corporate Governance BOARD COMPO
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37 Corporate Governance The ERCC me
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Page 40 and 41: 47 Investor Relations ST ENGINEERIN
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Page 48 and 49: 57 Operating Financial Review GROUP
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Page 62 and 63: 75 Land Systems BREAKING NEW GROUND
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Page 88 and 89: 103 Statement by Directors We, Pete
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197 SGX Listing Manual Requirements
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199 Shareholding Statistics AS AT 5
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201 SECTORAL FINANCIAL REVIEW - AER
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203 SECTORAL FINANCIAL REVIEW - AER
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205 SECTORAL FINANCIAL REVIEW - ELE
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211 SECTORAL FINANCIAL REVIEW - LAN
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213 SECTORAL FINANCIAL REVIEW - LAN
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215 SECTORAL FINANCIAL REVIEW - MAR
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221 Group Structure - Singapore Tec
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223 Group Structure - Singapore Tec
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225 CORPORATE INFORMATION BOARD OF
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SINGAPORE TECHNOLOGIES ENGINEERING
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