Options
The particulars of share options of the Company are as follows:
The Keppel Land Share Option Scheme which has been approved by the shareholders of the Company is administered by
the Share Option Committee whose members are:
Lim Chee Onn
Thai Chee Ken
Teo Soon Hoe
Under the Keppel Land Share Option Scheme, an option may, except in certain special circumstances, be exercised at any
time after two years but no later than the expiry date. The shares under option may be exercised in full or in respect of
100 shares or a multiple thereof, on the payment of the subscription price.
The subscription price is based on the average last business done price for the shares of the Company on the Singapore
Exchange Securities Trading Limited for the three market days preceding the date of offer. The Share Option Committee
may at its discretion fix the subscription price at a discount not exceeding 20 per cent to the above price. None of the
options offered in the financial year was granted at a discount.
The employees to whom the options have been granted do not have the right to participate by virtue of the options in a
share issue of any other company.
Options to take up 3,733,000 shares were granted during the financial year. 194,000 shares were issued by virtue of the
exercise of options, and options to take up 1,196,000 shares were cancelled during the financial year. At the end of the
financial year, there were 10,551,000 shares under option as follows:
