2006 Interim Reportï¼A Share.pdf - ä¸å½é¶è¡
2006 Interim Reportï¼A Share.pdf - ä¸å½é¶è¡
2006 Interim Reportï¼A Share.pdf - ä¸å½é¶è¡
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
(3) BOCHK Holdings Pre-listing <strong>Share</strong> Option Scheme<br />
On 5 July 2002, certain of the Bank's directors, senior management personnel and employees of the Group were granted<br />
options by BOC Hong Kong (BVI) Limited ("BOCHK (BVI)"), the immediate holding company of BOCHK Holdings, pursuant<br />
to a Pre-listing <strong>Share</strong> Option Scheme to purchase from BOCHK (BVI) an aggregate of 31,132,600 previously issued and<br />
outstanding shares of BOCHK Holdings for HKD8.50 per share. These options, with a ten-year term, vest ratably over four<br />
years from 25 July 2002. No further offers to grant any options under the Pre-listing <strong>Share</strong> Option Scheme will be made.<br />
The Group has no legal or constructive obligation to repurchase or settle the options in cash.<br />
Details of the movement of share options outstanding are as follows:<br />
<strong>Share</strong>s<br />
Directors and key<br />
management<br />
Other employees Others (1) Total number of shares<br />
At 1 January <strong>2006</strong> 6,142,500 10,619,250 1,446,000 18,207,750<br />
Transfer 239,000 (239,000)<br />
Less: <strong>Share</strong> options exercised<br />
during the period<br />
(1,994,050) (1,994,050)<br />
At 30 June <strong>2006</strong> 6,381,500 8,386,200 1,446,000 16,213,700<br />
At 1 January 2005 6,142,500 12,849,300 1,446,000 20,437,800<br />
Less: <strong>Share</strong> options<br />
exercised during the year<br />
(2,121,550) (2,121,550)<br />
Less: <strong>Share</strong> options lapsed<br />
during the year<br />
(108,500) (108,500)<br />
At 31 December 2005 6,142,500 10,619,250 1,446,000 18,207,750<br />
(1) These represent share options held by former directors or former employees of the BOCHK Holdings.<br />
Regarding the share options exercised during the six month period ended 30 June <strong>2006</strong> and year ended 31 December<br />
2005, the weighted average share price of BOCHK Holdings' shares at the time of exercise was HKD 15.88 (equivalent<br />
to RMB 16.42)and HKD 15.01 (equivalent to RMB 15.61).<br />
16. Minority interests<br />
<strong>2006</strong> 2005<br />
At 1 January 28,778 27,387<br />
<strong>Share</strong> of current period/year profit 2,627 5,105<br />
Increase of shares in a subsidiary (52) 17<br />
Dividends paid to minority shareholders (1,891) (2,954)<br />
Net change in fair value of available-for-<br />
sales investments<br />
(342) (110)<br />
Currency translation difference (308) (667)<br />
At 30 June / 31 December 28,812 28,778<br />
89
Change language