FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
36
DIRECTORS’ STATEMENT
(CONT’D)
3 DIRECTORS’ INTERESTS IN SHARES AND DEBENTURES (CONT'D)
According to the register of directors’ shareholdings, certain directors holding office at the end of the financial year
had interests in options to subscribe for ordinary shares of the Company granted pursuant to the Frencken Group
Limited (“Frencken”) Employee Share Option Scheme 2008 as set out below and under “Share Options” on pages 36
to 38 of this statement.
Number of unissued ordinary
shares under option
At beginning
of year
At end
of year
Hendrik Gezinus Tappel
- 2008 Options
380,000
380,000
- 2009 Options
380,000
380,000
- 2010 Options
390,000
390,000
Sim Mong Huat
- 2009 Options
290,000
290,000
- 2010 Options
220,000
220,000
The directors’ interests in the shares and share options of the Company as at 21 January 2016 were the same at 31
December 2015.
Other than as disclosed above, no other director who held office at the end of the financial year had an interest in
shares in or debentures of the Company and all the subsidiaries, directly or indirectly held by the Company.
4 SHARE OPTIONS
(a) Frencken Employee Share Option Scheme 2008
The Frencken Employee Share Option Scheme 2008 (the “Scheme”) for executive directors and employees of the
Group (“Group Employees”) was approved by members of the Company at an Extraordinary General Meeting
on 18 April 2008 and it is managed by the Remuneration Committee and administered by the Employee Share
Option Scheme Committee (the “Committee”) comprising of the following members:
Mohamad Anwar Au (also known as Dennis Au)
(President)
David Chin Yean Choon
(Chief Financial Officer)
The Scheme will provide the Company with the means to use share options as part of a compensation plan for
attracting as well as promoting long-term staff retention, by providing an opportunity for Group Employees who
satisfy the eligibility criteria of the Scheme, to participate in the equity of the Company.
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 Options”) 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.
