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FINANCIAL REPORTS
102
Bursa Malaysia •
Annual Report 2015
DIRECTORS’
REPORT
Directors’ interests
According to the register of Directors’ shareholdings, the interests of Directors in office at the end of the financial year in shares of the Company during the
financial year were as follows:
Number of ordinary shares of RM0.50 each
1.1.2015
Shares vested
under the SGP
31.12.2015
’000
’000
’000
Direct interests
Datuk Seri Tajuddin bin Atan
22
276
298
Number of ordinary shares of RM0.50 each granted under the SGP
1.1.2015
Granted
Vested
Forfeited
31.12.2015
’000
’000
’000
’000
’000
Datuk Seri Tajuddin bin Atan
241
312
(276)
(59)
218
Other than the above, the Directors in office at the end of the financial year did not have any interest in shares of the Company or its related corporations
during the financial year.
Issue of shares
During the financial year, the Company increased its issued and paid-up ordinary share capital from RM266,760,000 to RM267,307,000 by way of the
issuance of 1,094,000 ordinary shares of RM0.50 each, pursuant to the Company’s SGP.
The new ordinary shares issued during the financial year ranked pari passu in all respects with the existing ordinary shares of the Company.
Share Grant Plan
The Company’s SGP is governed by the By-Laws approved by the shareholders at an Extraordinary General Meeting held on 14 April 2011. The SGP was
implemented on 18 April 2011 and is made up of two plans - the Restricted Share Plan (“RSP”) and the Performance Share Plan (“PSP”). The SGP will be
in force for a maximum period of ten years from the date of implementation.
The salient features, terms and details of the SGP are as disclosed in Note 28(b) to the financial statements.
During the financial year, the Company granted 1,369,000 shares under the RSP and 465,000 shares under the PSP to its eligible employees. The details
of the shares granted under the SGP and its vesting conditions are disclosed in Note 28(b) to the financial statements.