kian joo can factory berhad

EMPLOYEES' SHARE OPTION SCHEME (cont’d)
As at 31 December 2002, the total number of options granted and the movements in the options to take up the
unissued ordinary shares of RM0.50 each of the Company are as follows:
No. of options over ordinary shares of RM0.50 each
Adjustment Lapsed
Option Option At for bonus due to At
granted on price
RM
1.1.02 Granted issue Exercised resignation 31.12.02
8.4.2002 2.15 - 9,159,000 4,098,000 (55,000) (194,000) 13,008,000
Of the above total, Executive Directors of the Company and subsidiary companies had been granted options to
subscribe for 2,400,000 and 986,000 ordinary shares of RM0.50 each respectively.
As a consequence of the bonus issue during the financial year, the option price for the options granted on 8 April
2002 was adjusted from RM3.22 per share to RM2.15 per share.
The Company has been granted exemption by the Companies Commission of Malaysia from having to disclose the
list of option holders and their holdings. The interests of Directors in office at the end of the financial year in options
under the Scheme are disclosed in "Directors Interest In Shares".
Options exercisable in a particular year but not exercised can be carried forward to subsequent years provided that
no options shall be exercised beyond the date of the expiry of the Scheme.
DIRECTORS
The names of the Directors of the Company in office since the date of the last report and at the date of this report are:
Y.A.M. Tunku Naquiyuddin Ibni Tuanku Ja'afar
Y.A.M. Tunku Dato' Seri Nadzaruddin Ibni Tuanku Ja'afar
Y.A.M. Raja Dato' Seri Ashman Shah Ibni Sultan Azlan Shah
Dato' See Teow Chuan
Dato' Anthony See Teow Guan
See Teow Koon
See Tiau Kee
See Ean Seng
Y. Bhg Dato' Ismail Bin Lebai Kamat
In accordance with Article 107 of the Company's Articles of Association, Y.A.M. Tunku Naquiyuddin Ibni Tuanku Ja'afar,
Y.A.M. Raja Dato' Seri Ashman Shah Ibni Sultan Azlan Shah and See Ean Seng retire by rotation, being eligible,
offer themselves for re-election.
DIRECTORS' BENEFITS
DIRECTORS’ REPORT (cont’d)
Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which
the Company was a party, whereby the Directors might acquire benefits by means of the acquisition of shares in or
debentures of the Company or any other body corporate, other than as may arise from the share options to be
granted pursuant to the ESOS.
Since the end of the previous financial year, no Director has received or become entitled to receive any benefits
(other than a benefit included in the aggregate amount of emoluments received or due and receivable by the
Directors as shown in Note 20 to the financial statements or the fixed salary of a full-time employee of the Company)
by reason of a contract made by the Company or a related corporation with any Director or with a firm of which
the Director is a member or with a company in which the Director has a substantial financial interest required to be
disclosed by Section 169(8) of the Companies Act, 1965.
ANNUAL REPORT 2002 • KIAN JOO CAN FACTORY BERHAD (3186-P)
2 7