Untitled - Swissco Holdings Limited

DIRECTORS’ REPORT
Directors’ Interests in Shares or Debentures (continued)
(b)
According to the register of directors’ shareholdings, certain of the directors holding office at the
end of the financial year had interests in the options to subscribe for ordinary shares of the Company
granted pursuant to the Swissco Share Option Scheme as set out below and in the paragraphs on
“Share Options”:
Number of unissued ordinary
shares of $0.08 each under
option held by director
At
At
31.12.2005 1.1.2005
Yeo Chong Lin 300,000 –
Alex Yeo Kian Teong 300,000 –
Phillip Chan Yee Foo 80,000 –
Chiang Hai Ding 80,000 –
Rohan Kamis 80,000 –
(c)
The directors’ interests in the shares and options of the Company at 21 January 2006 were the
same at 31 December 2005.
Directors’ Contractual Benefits
Since the end of the previous financial period, no director 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 he is a member or with a company in which he has a substantial financial interest except
as disclosed in the consolidated financial statements and in this report.
Share Options
(a)
Swissco Share Option Scheme
The Swissco Share Option Scheme (the “Scheme”) was approved by the members of the Company
at an Extraordinary General Meeting on 21 October 2004. The purpose of the Scheme is to provide
an opportunity for employees, executive directors and non-executive directors who have
contributed to the growth and development of the Group to participate in the equity of the Company
as well as to motivate to optimise their performance.
The aggregate number of Scheme shares issuable under the Scheme shall not exceed 15% of the
issued shares of the Company (“Scheme Limit”). The number of shares comprised in any options
to be offered to a participant in the Scheme shall be determined at the absolute discretion of the
Remuneration Committee, who shall take into account criteria such as the rank, the past
performance, years of service, potential for future development and contribution of the participant.
The Scheme does not allow options to be granted at a discount to a subscriber of the Scheme
shares.
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