Announcement of Appointment of Vice-President, Marketing ...

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or governmental body, permanently ortemporarily enjoining him from engaging inany type of business practice or activity?(j) Whether he has ever, to his knowledge, beenconcerned with the management or conduct,in Singapore or elsewhere, of the affairs of :-(i)* any corporation which has beeninvestigated for a breach of any law orregulatory requirement governingcorporations in Singapore or elsewhere;or No(ii)* any entity (not being a corporation) which Nohas been investigated for a breach of anylaw or regulatory requirement governingsuch entities in Singapore or elsewhere;or(iii)* any business trust which has beeninvestigated for a breach of any law orregulatory requirement governingbusiness trusts in Singapore orelsewhere; or No(iv)* any entity or business trust which hasbeen investigated for a breach of any lawor regulatory requirement that relates tothe securities or futures industry inSingapore or elsewhere,in connection with any matter occurring orarising during that period when he was soconcerned with the entity or business trust? No(k)*Whether he has been the subject of any Nocurrent or past investigation or disciplinaryproceedings, or has been reprimanded orissued any warning, by the Monetary Authorityof Singapore or any other regulatory authority,exchange, professional body or governmentagency, whether in Singapore or elsewhere?>> Information required pursuant to Listing Rule 704(7)(i)Disclosure applicable to the appointment of Director only.Any prior experience as a director of a listedcompany?FootnotesThe Board is pleased to announce the promotion of Mr. Vincent Tay to Vice-President, Marketing. Mr Tay has been leading and managing the SPCGroup’s Marketing function as General Manager, Head of Marketing, since 1September 2008.AttachmentsVT_20Jan2009.pdfTotal size = 14K(2048K size limit recommended)4
AnnexurePerformance Conditions – Restricted Share PlanIn respect of the contingent awards under and subject to Singapore Petroleum CompanyLimited’s Restricted Share Plan, these awards are part of a share-based incentive foremployees. Such contingent restricted shares are intended to be awarded annually,based on annual set corporate objectives. After the end of the annual period, the award ofthe restricted shares will be computed, based on the extent to which the performanceconditions at the corporate level, individual’s Key Performance Indicator achievementsand competency ratings have been achieved. The other terms and conditions include theprevailing personnel policies, the decisions and guidelines of the Nominating andRemuneration Committee (“NRC”) and all other relevant factors and circumstances,including the performance record, and relevant laws and regulations. If the performanceconditions are fulfilled at the end of the annual period, the duly determined quantum ofshares is expected to vest over a three year Targeted Release Schedule.Performance Conditions – Performance Share PlanIn respect of the contingent awards granted under the Singapore Petroleum CompanyLimited’s Performance Share Plan, these awards are part of the long-term incentive planfor key executives. Contingent performance shares are typically awarded at the beginningof a three-year performance cycle and the final award will be subject to the extent to whichthe performance conditions have been achieved at the end of the relevant cycle. Thethree-year stretched performance target is aligned to pre-determined performance criteria.The other terms and conditions the NRC will take into consideration include not only theextent to which the performance conditions have been achieved, but all other relevantfactors and circumstances, including relevant regulations prevailing at the time of releaseof Award. Upon determination by the NRC of the performance conditions being fulfilled atthe end of the three-year cycle, the duly determined quantum of shares would be targetedfor release in February of the year following the relevant 3-year performance period.
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