Annual Report 2012 - ecoWise Holdings Limited

ecoWise Holdings Limitedannual report 201247DIRECTORS’ REPORT5. SHARE OPTIONS AND SHARE PLAN (CONTINUED)ecoWise Performance Share Plan (Continued)From the commencement date of the Share Plan to 31 October 2012, 43,232,225 (1) performance shareshave been granted, of which 38,155,350 (1) performance shares have been vested. As at 31 October 2012,5,076,875 (1) performance shares have not vested under the Share Plan.Details of performance shares granted under the Share Plan to directors and participants who received 5%or more of total performance shares available under the Share Plan are as follows:Number of ecoWise performance sharesAggregate Aggregate20122012 (1) 2012 (1) 2012Performanceshares grantedperformancesharesgranted sinceperformancesharesawarded sinceAggregateperformanceduring reporting commencement commencement sharesyear ended of Share Plan to of Share Plan to outstanding at31 October 31 October 31 October 31 OctoberExecutive directorsLee Thiam Seng 1,096,875 11,767,825 10,670,950 1,096,875Low Kian Beng 1,500,000 1,500,000 – 1,500,000Independent directorsNg Cher Yan 130,000 1,124,250 994,250 130,000Ang Mong Seng 100,000 782,200 682,200 100,000Ong Teck Ghee 100,000 782,200 682,200 100,000Participants who received 5% ormore of total performance sharesavailable under the Share PlanSunny Ong Keng Hua (2) – 7,845,250 7,845,250 –(1) After adjustments for rights cum warrants issue on 1 November 2007 and rights issue on 26 September 2008and net of cancellations.(2) Mr Sunny Ong Keng Hua retired as director on 28 February 2012.