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AVI-TECH ELECTRONICS LIMITED
| ANNUAL REPORT 2015
REPORT OF
THE DIRECTORS
5 SHARE OPTIONS
(a)
Options to take up unissued shares
Avi-Tech Employee Share Option Scheme (the “Scheme”)
Avi-Tech Employee Share Option Scheme (the “Scheme”) in respect of unissued ordinary shares in the
Company was approved by the shareholders of the Company in the financial year ended 30 June 2008.
The Scheme is administered by the Remuneration Committee whose members are:
Goh Chung Meng (Chairman)
Khor Thiam Beng
Lim Eng Hong
Michael Grenville Gray
Under the Scheme, the share option shall be exercisable after the second anniversary from the offer
date of the option and before the tenth anniversary of the relevant offer date. The ordinary shares
of the Company (“Shares”) under option may be exercised on the payment of the exercise price.
The exercise price is at a 20% discount to the average of the last dealt prices of the Shares on the
Singapore Exchange Securities Trading Limited over the five consecutive trading days immediately
preceding the date of grant.
The number of Shares available under the Scheme shall not exceed 15% of the issued share capital of
the Company. The number of outstanding share options under the Scheme is as follows:
Exercise
Balance at
Cancelled/ Balance at
price Exercisable
Date of grant 1.7.2014 Granted Exercised Lapsed 30.6.2015 per share period
03.07.2012
580,000
–
–
–
580,000
S$0.06 From 03.07.2014
to 03.07.2022
16.11.2012
90,000
–
–
–
90,000
S$0.06 From 16.11.2014
to 16.11.2022
Holders of the above share options have no right to participate in any share issues of any other
company in the Group.
