BUILDING ON OUR EXTENSIVE NETWORK
Arrangements to enable directors to acquire shares and debentures
Except as disclosed below, neither at the end of nor at any time during the financial year was the Company a
party to any arrangement whose objects are, or one of whose objects is, to enable the directors of the Company
to acquire benefits by means of the acquisition of shares or debentures of the Company or any other body
corporate.
Share options to subscribe for ordinary shares
On 22 June 2001, the shareholders approved the STC Share Option Scheme 2001 (the “Scheme”). The Scheme is
open to full-time confirmed employees, executive and non-executive directors, but not controlling shareholders or
their associates of the Company, and entitles the option holders to exercise their options and subscribe for new
ordinary shares in the Company either at the market price or at a price set at a discount not exceeding 20% of
the market price. Market price is equal to the average last dealt price of the share for 3 consecutive trading days
immediately preceding the offer date.
Options granted with the exercise price set at market price may be exercised after the third anniversary of the
offer date. Executive options granted under the Scheme are exercisable for a period of 10 years whereas non-
executive options are exercisable for a period of 5 years from the offer date.
The total number of shares that may be issued shall not exceed 15% of the issued share capital of the Company.
The Scheme is administered by members of the Company’s Remuneration Committee which comprise 3
directors, namely Sam Chong Keen, Goh Chee Wee and Dr Wee Li Ann.
The Company did not grant any share options under the Scheme during the financial year ended 30 April 2015.
30,000 share options were forfeited during the year and 750,000 share options were outstanding as at 30 April
2015.The share options outstanding as at 30 April 2015 will expire on 16 August 2015.
None of the directors and controlling shareholders of the Company has been granted options under the
Scheme and none of the employees, except as stated below, who participated in the Scheme has received 5%
or more of the total number of options available under the Scheme.
Name of participants
Options granted
during the
financial year
under review
Aggregate options
granted since
commencement
of scheme to end
of financial year
under review
Aggregate options
exercised/
forfeited since
commencement
of scheme to end
of financial year
under review
Aggregate options
outstanding as at
end of financial
year under review
Clare Law Lay Kian
–
200,000
–
200,000
Directors’ Report
(Cont’d)
ANNUAL REPORT 2015
30
