Osim FR 050407.indd

Directors’ Report (cont’d)Share options (cont’d)The movement in share options during the fi nancial year is as follows:Group and Company2006 2005At beginning of year 6,815,281 8,393,281Adjustment to share options arising from the bonus issue 1,124,863 –Granted during the year – –Lapsed during the year (431,800) (219,750)Exercised during the year (2,768,559) (1,358,250)At end of year 4,739,785 6,815,281During the fi nancial year ended 31 December 2006, 2,768,559 ordinary shares were issued at a weighted average exercise price of $0.06,upon the exercise of options granted pursuant to the Option Scheme.Details of all the options to subscribe for ordinary shares of the Company pursuant to the Option Scheme as at 31 December are asfollows:Exercise priceNumber of optionsExpiry date 2006 # 2005 2006 2005$ $26.12.2007 0.442 0.530 45,000 82,50015.02.2009 0.917 1.100 64,800 78,00014.01.2011 0.178 0.213 585,000 699,37629.08.2011 – 0.218 – 56,25014.01.2012 0.236 0.283 720,565 969,85515.08.2012 0.506 0.607 143,000 280,40026.12.2012 0.442 0.530 768,480 1,144,30018.06.2013 0.488 0.586 120,800 348,00015.02.2014 0.917 1.100 2,292,140 3,156,6004,739,785 6,815,281# Adjustments were made to the exercise price of the options, following the bonus issue of shares on the basis of 1 bonus share for every5 ordinary shares held in the capital of the Company.Since the commencement of the Option Scheme till the end of the fi nancial year:• No options have been granted to the controlling shareholders of the Company and their associates;• No participant has received 5% or more of the total options available under the Option Scheme;• No options that entitle the holder to participate, by virtue of the options, in any share issue of any other corporation have beengranted; and• No options have been granted at a discount.Directors’ Report 67Annual Report 2006