Eng - IOI Group

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Notes To The Financial Statements cont’d31. SHARE CAPITAL cont’dGroup and CompanyNo. of sharesRM’0002006Ordinary shares of RM0.50 eachAt beginning of financial year 1,118,481,490 559,241Issue of shares arising from the exchange of the 1 st Exchangeable Bondsat RM11.06 per share 61,931,661 30,966Issue of shares arising from the privatisation of a subsidiaryat RM10.82 per share 30,120,634 15,060At end of financial year 1,210,533,785 605,267The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per shareat meetings of the Company. All ordinary shares rank equally with regard to the Company’s residual assets.Of the total 6,258,807,990 issued and fully paid-up ordinary shares of RM0.10 each (2006 - 1,210,533,785 ordinary shares ofRM0.50 each), none of the shares (2006 - 9,299,700 ordinary shares of RM0.50 each) are held as treasury shares (Note 32.2)by the Company. Accordingly, the number of ordinary shares in issue and fully paid-up after deducting treasury shares as at 30June 2007 is 6,258,807,990 ordinary shares of RM0.10 each (2006 - 1,201,234,085 ordinary shares of RM0.50 each).31.1 Executive Share Option SchemeAn Executive Share Option Scheme (“ESOS”) was established on 23 November 2005 for the benefit of the executives andfull time executive directors of the Group.The salient features of the ESOS are as follows:a) Maximum number of shares available under the ESOSThe total number of new ordinary shares in the Company (“IOI Shares”) which may be made available under theESOS shall not exceed 10% of the total issued and paid-up ordinary share capital of the Company at the time an offerof options is made in writing by a committee appointed by the Board to administer the ESOS (“Option Committee”) toany executive or executive Director of the Group (“Offer”) who meets the criteria of eligibility for participation in theESOS as set out in the rules, terms and conditions of the ESOS (“Bye-Laws”).191ANNUAL REPORT 2007IOI Corporation Berhad
Notes To The Financial Statements cont’d31. SHARE CAPITAL cont’d31.1 Executive Share Option Scheme cont’db) EligibilitySave for executives who are employed by the foreign subsidiaries of the Company (including the Malaysian subsidiariesof such foreign subsidiaries), and executives who are employed by subsidiaries of the Company, of which the Companyholds less than 75% of the issued and paid-up share capital, any executive (including Executive Director) of the Groupshall be eligible to participate in the ESOS if, as at the date of the Offer (“Offer Date”), the executive:i. has attained the age of 18 years;ii.iii.is in the full time employment and payroll of a company within the Group (other than a company which isdormant) for at least 3 years; andfalls within such other categories and criteria that the Option Committee may from time to time at its absolutediscretion determine.(The eligible employees above are hereinafter referred to as “Eligible Executive(s)”)No executive of the Group shall participate at any time in more than one ESOS implemented by any company withinthe Group.c) Maximum allowable allotment and basis of allocationi. The aggregate maximum number of new IOI Shares that may be offered and allotted to any of the EligibleExecutives of the Group shall not exceed the maximum allowable allotment set out in the Bye-Laws and subjectto the following:• the number of new IOI Shares allotted, in aggregate, to the Executive Directors and senior managementof the Group shall not exceed 50% of the total new IOI Shares that are available to be issued under theESOS; and• the number of new IOI Shares allotted to any individual Eligible Executive, who either singularly orcollectively through persons connected with him/her (as defined under the Listing Requirements of BursaMalaysia Securities) holds 20% or more in the issued and paid-up capital of the Company, shall notexceed 10% of the total new IOI Shares that are available to be issued under the ESOS.ii.The number of new IOI Shares that may be offered and allotted to any of the Eligible Executive shall, subject tothe maximum allowable allotment, be at the sole and absolute discretion of the Option Committee after taking intoconsideration the length of service and the performance of the Eligible Executive in the Group as provided in theBye-Laws or such other matters which the Option Committee may in its sole and absolute discretion deem fit.IOI Corporation BerhadANNUAL REPORT 2007 192
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Our Vision... is to be a leading co
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Chairman’s StatementDear Valued S
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Responsibility“ Today, more than
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Group Performance Highlights2007 20
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Efficiency“The future belongs to
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Management’s Discussion and Analy
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PALM OIL BUSINESS STREAMManagement
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CORPORATE SOCIAL RESPONSIBILITY (CS
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KepongKLCCKL SentralPetaling JayaKu
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Corporate InformationBOARD OF DIREC
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Profile of Directors cont’dDATO
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Profile of Directors cont’dDATUK
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Excellence in ExecutionOur commitme
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Audit Committee Report cont’dTERM
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Audit Committee Report cont’dTERM
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Corporate GovernanceINTRODUCTIONThe
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Corporate Governance cont’dTHE BO
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Corporate Governance cont’dTHE BO
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Corporate Governance cont’dSHAREH
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Statement on Internal ControlINTROD
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Statement on Internal Control cont
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Other InformationCOMPOSITION OF SHA
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RECURRENT RELATED PARTY TRANSACTION
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Other Information cont’dPENALTIES
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Senior Management TeamGroup Chief E
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Global PresenceNORTH AMERICA• USA
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Location of Operations in MalaysiaP
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Corporate CalendarNov 2006• IOI P
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Corporate Calendar cont’dMarch200
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Social ContributionSep 2006• Yaya
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Social Contributions cont’dMay 20
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Directors’ ReportThe Directors of
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Directors’ Report cont’dUSD310
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Directors’ Report cont’dExecuti
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Directors’ Report cont’dReserve
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Directors’ Report cont’dDirecto
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Directors’ Report cont’dStatuto
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Directors’ Report cont’dSignifi
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Directors’ Report cont’dSignifi
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Income Statementsfor the financial
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Balance Sheets cont’das at 30 Jun
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Statements Of Changes In Equity con
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Statements Of Changes In Equity con
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Cash Flow Statements cont’dfor th
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Cash Flow Statements cont’dfor th
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Notes To The Financial Statements c
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Statement By DirectorsIn the opinio
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Group PropertiesA. PLANTATION ESTAT
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Group Properties cont’dA. PLANTAT
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Group Properties cont’dB. DEVELOP
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Group Properties cont’dC. INVESTM
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Group Properties cont’dD. INDUSTR
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Group Properties cont’dE. OTHER P
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Notice of Annual General MeetingNOT
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Notice of Annual General Meeting co
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Statement Accompanying Noticeof Ann
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Shareholders Information cont’das
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fold herestampThe Company Secretary
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Eng - IOI Group

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