2011 Annual Report - TOM Group

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114 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 34 Share option schemes (a) Details of share options granted by the Company Pursuant to the written resolutions of the shareholders of the Company dated 11 February 2000, two share option schemes namely, the Pre-IPO Share Option Plan and the Old Option Scheme were adopted by the Company. Pursuant to an ordinary resolution passed at the extraordinary general meeting of the Company held on 23 July 2004, the Company adopted the New Option Scheme and terminated the Old Option Scheme due to the withdrawal of the listing of the shares of the Company on GEM and commencement of dealings of the shares of the Company on the Main Board. The adoption of the New Option Scheme and the termination of the Old Option Scheme took effect from 4 August 2004 (listing date of the shares of the Company on the Main Board). Pursuant to the Pre-IPO Share Option Plan, the Company may grant options to any fulltime employee of the Company or of its subsidiaries or of HWL or any subsidiary of HWL to subscribe for shares of the Company. However, save for the options which have been granted on 11 February 2000, no further options may be granted upon the listing of the shares of the Company on the GEM of the Stock Exchange on 1 March 2000. The exercise price per share under the Pre-IPO Share Option Plan is HK$1.78 and the options vested in three tranches in the proportion of 20%:30%:50% on 11 February 2001, 2002 and 2003, respectively. Pursuant to the Old Option Scheme and the New Option Scheme, the Board may, at its discretion, invite any participant (including any employee and director of the Group and of any company in which the Group owns or controls 20% or more of its voting rights and/ or issued share capital, business associate and trustee) to take up options to subscribe for shares in the Company. However, participants do not include any substantial shareholder of the Company and/or any of its Associates. No further options may be granted under the Old Option Scheme upon its termination. The options granted under the Old Option Scheme can be exercised at prices ranging from HK$2.505 to HK$11.30 per share at any time within the option period of ten years from the respective dates of grant, provided that the options have been vested. Generally, the options are vested in different tranches and may be exercised within the option period unless they are cancelled. No option has been granted pursuant to the New Option Scheme since its adoption. The total number of shares of the Company which may be issued upon exercise of all options to be granted under the New Option Scheme and any other share option schemes of the Company shall not exceed 388,941,336 shares, being approximately 10% of the issued share capital of the Company at the date of approval of the New Option Scheme. TOM Group Limited
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 34 Share option schemes (Continued) (a) Details of share options granted by the Company (Continued) Movements in share options are as follows: 2011 2010 Weighted Weighted average Number average Number Pre-IPO exercise of share exercise of share Share Option Plan price options price options HK$ HK$ Outstanding at 1 January – – 1.78 7,116,000 Lapsed – – 1.78 (7,116,000) Outstanding at 31 December – – – – Exercisable at 31 December – – – – 2011 2010 Weighted Weighted average Number average Number exercise of share exercise of share Old Option Scheme price options price options HK$ HK$ Outstanding at 1 January 2.505 6,976,000 4.80 27,428,000 Lapsed – – 5.65 (19,302,000) Cancelled 2.505 (420,000) 4.63 (1,150,000) Outstanding at 31 December 2.505 6,556,000 2.505 6,976,000 Exercisable at 31 December 2.505 6,556,000 2.505 6,976,000 Terms of the share options outstanding at 31 December 2011 are: Expiry date Exercise price 2011 2010 8 October 2013 HK$2.505 6,556,000 6,976,000 Weighted average remaining contractual life (year) 1.77 2.77 Annual Report 2011 115
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CONTENTS CONTENTS 19 11 21 11 47 37
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2 CORPORATE PROFILE TOM Group Limit
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4 FINANCIAL HIGHLIGHTS For the year
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6 MANAGEMENT’S DISCUSSION AND ANA
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8 MANAGEMENT’S DISCUSSION AND ANA
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10 MANAGEMENT’S DISCUSSION AND AN
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12 DIRECTORS’ PROFILE Ip Tak Chue
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14 CORPORATE GOVERNANCE REPORT The
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18 CORPORATE GOVERNANCE REPORT Upon
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24 CORPORATE GOVERNANCE REPORT Corp
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28 REPORT OF THE DIRECTORS Director
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30 REPORT OF THE DIRECTORS (e) (f)
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32 REPORT OF THE DIRECTORS Director
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34 REPORT OF THE DIRECTORS Interest
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36 REPORT OF THE DIRECTORS Li Ka-Sh
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38 REPORT OF THE DIRECTORS (d) (e)
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40 REPORT OF THE DIRECTORS During t
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42 INDEPENDENT AUDITOR’S REPORT I
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44 CONSOLIDATED INCOME STATEMENT Fo
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46 CONSOLIDATED STATEMENT OF FINANC
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48 STATEMENT OF FINANCIAL POSITION
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50 CONSOLIDATED STATEMENT OF CHANGE
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52 NOTES TO THE CONSOLIDATED FINANC
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Page 66 and 67: 64 NOTES TO THE CONSOLIDATED FINANC
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Page 126 and 127: 124 PRINCIPAL SUBSIDIARIES, JOINTLY
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2011 Annual Report - TOM Group

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