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136

Number

Nominal

Number

Nominal

of shares

value

of shares

value

000

HK$000

000

HK$000

share option scheme

870

435

Issued as scrip dividends

113

56

12,163

6,081

2009

800,000

400,000

800,000

400,000

621,827

310,913

609,664

304,832

622,810

311,404

621,827

310,913

Notes to the Consolidated Financial Statements

For the year ended 31 December 2010

32.Share capital

2010

During the year ended 31 December 2010, 112,859 (2009: 12,162,356) shares of HK$0.50 each in the Company were issued at HK$19.94 (2009: HK$12.87) per share as scrip dividends.

Balance carried forward

Shares of HK$0.50 each Balance brought forward and carried forward

Shares of HK$0.50 each Balance brought forward Issued upon exercise of share options under the

(a)

Authorised:

(b)

Issued and fully paid:

33.Share options

In accordance with Share Option Scheme of Great Eagle Holdings Limited (formerly Executive Share Option Scheme) (the 1999 Share Option Scheme), which was adopted pursuant to an ordinary resolution passed on 10 June 1999 and amended by an ordinary resolution passed on 20 December 2001, the Board of Directors of the Company may grant options to eligible employees, including executive directors of the Company and its subsidiaries, to subscribe for shares in the Company.

Since the 1999 Share Option Scheme would expire on 10 June 2009, at the 2009 Annual General Meeting of the Company held on 27 May 2009 ordinary resolutions were proposed to approve the adoption of a new share option scheme (2009 Share Option Scheme) and termination of the operation of the 1999 Share Option Scheme. The resolutions were approved by the shareholders of the Company and the 2009 Share Option Scheme became effective for a period of 10 years commencing on 27 May 2009. Options granted during the life of the 1999 Share Option Scheme and remain unexpired prior to the expiry of the 1999 Share Option Scheme shall continue to be exercisable in accordance with their terms of issue after the expiry of the 1999 Share Option Scheme.

Great Eagle Holdings Limited

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