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LAPORAN TAHUNAN 2005 ANNUAL REPORT

Exercise

1 July

Options

Options

Options

30 June

Price

2004

Granted

Exercised

Terminated

2005

RM

‘000

‘000

‘000

‘000

‘000

EMPLOYEES’ SHARE OPTION SCHEME (“ESOS” or the “Scheme”) (CONTD.)

As at 30 June 2005, the movements of options were as follows:

Number of options over ordinary shares of RM1 each

Date Granted

10 November 2003

3.71

5,635

-

16

468

5,151

24 May 2004

3.71

175

-

-

36

139

10 November 2004

3.54

-

548

2

14

532

16 May 2005

3.54

-

138

-

-

138

5,810

686

18

518

5,960

1 July

Options

Options

30 June

2004

granted

exercised

2005

99,000

25,000

-

124,000

30,900

20,000

-

50,900

2,500

23,500

-

26,000

-

16,000

-

16,000

-

16,000

-

16,000

The Company had received a conditional exemption for disclosure of the relevant information of the employees whose share option entitlements are less than 16,000 in relation to the ESOS under Section 169(11) of the Companies Act, 1965 for the financial year, from the Companies Commission of Malaysia via their letter dated 9 August 2005.

Other than Mr. Liew Peng Chuen, none of the other Directors in office at the end of the financial year had any interest in options of the Company during the financial year.

OTHER STATUTORY INFORMATION

The movement of the options over unissued shares of the Company granted under ESOS to the Executive Director and eligible employees in office at the end of the financial year was as follows:

Number of options over ordinary shares of RM1 each

The Company

Mr. Liew Peng Chuen Mr. Chong Choong Nam Ms. Chen Mee Chin Mr. Lim Peng Seang Mr. Wong Sam Fatt

  • (a)

    Before the balance sheets and income statements of the Group and of the Company were made out, the Directors took reasonable steps:

    • i)

      to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for doubtful debts and satisfied themselves that all known bad debts had been written off and that adequate provision had been made for doubtful debts; and

ii)

to ensure that all current assets which were unlikely to realise their value as shown in the accounting records in the ordinary course of business had been written down to an amount which they might be expected so to realise.

35

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