Notes to Fina - 星島新聞集團

Notes to Fina
Notes to Financial Statements
31 December 2002
35. SHARE OPTION SCHEMES (continued)
35.
At the beginning of the year, there were 85,306,000
options outstanding under the Old Scheme, which
entitled the holders to subscribe for shares of the
Company at any time during the periods ranging from
25 September 2000 to 23 December 2011. The
subscription prices payable upon the exercise of these
options ranged from HK$0.3528 to HK$1.35, subject to
adjustment.
85,306,000
0.35281.35
During the year, the Company granted a total of 400,000
share options under the Old Scheme. The share options
granted entitle the holders to subscribe for shares of
the Company at any time during periods ranging from
1 June 2002 to 21 March 2012. The subscription price
per share payable upon the exercise of these options
is HK$0.282, subject to adjustment.
400,000
0.282
During the year, no share option granted under the Old
Scheme was exercised, and 23,324,000 share options
granted under the Old Scheme with exercise prices
ranging from HK$0.3528 to HK$1.35 lapsed during the
year.
23,324,000
0.35281.35
No cash consideration was received by the Company
for the options granted during the year.
Pursuant to the resolutions passed at the annual general
meeting of the Company held on 28 May 2002, the Old
Scheme was terminated and a new share option scheme
(the “New Scheme”) was adopted.
136
Global China Group Holdings Limited Annual Report 2002