Annual Report - QuamIR

Report of the Directors (Continued)
Share Option Schemes (Continued)
Share Options of subsidiary of the Company (Continued)
(b) Eligible Persons
Any employee (whether full time or part time), senior executive or officer,
manager, director (including independent non-executive director) or
consultant of any members of the CRE Group or any Invested Entity
who, in the sole discretion of the board of directors of CRE, have
contributed or will contribute to the growth and development of the
CRE Group or any Invested Entity.
(b)
(c)
Maximum number of shares available for issue
The total number of shares of CRE available for issue under the CRE
Option Scheme is 63,103,475 shares which represent approximately
2.68% of the issued share capital of CRE as at the date of this Annual
Report.
(c)
63,103,475
2.68%
(d)
Maximum entitlement of each Eligible Person
The total number of shares of CRE issued and to be issued upon
exercise of options (whether exercised or outstanding) granted in any
12-month period to:
(d)
(i)
each Eligible Person must not exceed 1% of the shares of CRE
in issue;
(i)
1%
(ii)
a substantial shareholder or an independent non-executive
director of CRE must not exceed 0.1% of the shares of CRE in
issue and not exceed HK$5 million in aggregate value.
(ii)
0.1%5,000,000
44 HKC (Holdings) Limited • Annual Report 2011