57
A N N U A L R E P O R T 2 0 1 6
DIRECTORS＊
STATEMENT
4.
Directors＊ interests in shares and debentures
The following Directors, who held office at the end of FY2016, had, according to the register of Directors＊ shareholdings required to be kept
under Section 164 of the Companies Act (Chapter 50) of Singapore (the
※Act§
) an interest in shares and share options of the Company and
related corporations (other than wholly-owned subsidiaries) as stated below:
Direct interest
Deemed interest
Name of Director
At the
beginning of
financial year
At the
end of
financial year
At the
beginning of
financial year
At the
end of
financial year
Ordinary shares of the Company (＆000)
Han Keen Juan
71,136
71,136
8,892
8,892
Lim Tao-E William
8,892
8,892
每
每
Chow Hui Shien
81
81
每
每
Ong Chin Lin
65
65
每
每
There was no change in any of the above-mentioned interests in the Company between the end of the financial year and 21 April 2016.
Except as disclosed in this statement, no Director who held office at the end of the financial year had interests in shares, share options,
warrants or debentures of the Company, or of related corporations, either at the beginning of the financial year, or date of appointment if
later, or at the end of the financial year.
5.
Performance shares
The Company has an employee share scheme known as the Old Chang Kee Performance Share Scheme (the
※Scheme§
). The Scheme is
designed to grant awards (
※Awards§
) to eligible Group employees and Non-Executive Directors respectively (
※Participants§
). Details of the
Scheme were set out in the Company＊s Circular to shareholders dated 14 April 2009. Awards represent the right of a Participant to receive
fully paid ordinary shares of the Company (
※Shares§
) free of charge, upon the Participant achieving prescribed performance targets. Awards
may only be vested and consequently any Shares comprised in such Awards shall only be delivered upon the Committee＊s (as defined below)
satisfaction that the prescribed performance targets have been achieved.
