FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
103
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONT’D)
29 SHARE CAPITAL, TREASURY SHARES AND SHARE-BASED PAYMENTS (CONT’D)
(c) Share options (Cont'd)
The Scheme became operative upon the Company granting options to subscribe for 8,960,000 ordinary shares
of the Company on 1 December 2008 (“2008 Options”). The Company also granted options to subscribe for
8,880,000, 9,050,000 and 6,000,000 ordinary shares of the Company on 1 December 2009 (“2009 Options”),
1 December 2010 (“2010 Options”) and 7 October 2013 (“2013 Option”) respectively. Particulars of the 2008
Options, 2009 Options, 2010 Options and 2013 Options were set out in the Directors’ Report for the financial
year ended 31 December 2008, 31 December 2009, 31 December 2010 and 31 December 2013 respectively.
Information in respect of share option granted under the Scheme is as follows:
Number of ordinary shares under option
Beginning
of financial
year
Granted
during
financial
year
Forfeited
during
financial
year
Exercised
during
financial
year
End of
financial
year
Exercise
price
Exercise
period
2015
Group and Company
2008 Options 2,746,000
-
-
-
2,746,000 $0.155 1.12.2010 -
30.11.2018
2009 Options 4,074,000
-
(20,000)
(190,000) 3,864,000 $0.168 1.12.2011 -
30.11.2019
2010 Options 5,835,000
-
(510,000)
-
5,325,000 $0.224 1.12.2012 -
30.11.2020
2013 Options 6,000,000
-
(300,000)
-
5,700,000 $0.208 7.10.2015 -
6.10.2023
18,655,000
-
(830,000)
(190,000) 17,635,000
Out of the unexercised options of 17,635,000 (2014 : 18,655,000) shares, 17,635,000 shares (2014 : 12,655,000)
are exercisable at the balance sheet date. Options exercised in 2015 resulted in:
(i) Nil (2014 : 294,000) and 190,000 (2014 : 260,000) new ordinary shares being issued at the exercise price of
$Nil (2014 : $0.155) and $0.168 (2014 : $0.168) each respectively.
(ii) In year 2014, 2,360,000, 1,236,000 and 2,055,000 treasury share being re-issued at the exercise price of
$0.155, $0.168 and $0.224 each respectively.
The weighted average share price at the time of exercise was $0.214 (2014 : $0.181) per share.
