Annual Report 2003 - Clear Media

NOTES TO FINANCIAL STATEMENTS
31 December 2003
23. Share Capital
(continued)
Share options (continued)
The movements in the number of share options to subscribe for shares in the Company during the year were as
follows:
Number of Number of Number of Number of
share options share options share options share options Exercise
Share option outstanding at granted during lapsed during outstanding at price Exercise
scheme 1 January 2003 the year the year 31 December 2003 HK$ period
Pre-IPO share
29/11/04 to
option scheme 19,834,000 – 1,800,000 18,034,000 5.89 28/11/08
30/06/05 to
The Scheme 9,916,000 – 900,000 9,016,000 5.51 29/06/09
28/05/06 to
The Scheme – 12,000,000 – 12,000,000 3.51 27/05/10
20/11/06 to
The Scheme – 3,000,000 – 3,000,000 5.35 19/11/10
29,750,000 15,000,000 2,700,000 42,050,000
At the balance sheet date, the Company had 42,050,000 share options outstanding. The exercise in full of the
remaining share options would, under the present capital structure of the Company, result in the issue of 42,050,000
additional ordinary shares of HK$0.10 each in the Company and proceeds, before relevant share issue expenses, of
approximately HK$214,068,000.
Clear Media Limited
Annual Report 2003
84