27
Straco Corporation Limited • Annual Report 2014
Name of director and corporation
in which interests are held
Holdings registered in
the name of the director
Other holdings in
which the director is
deemed to have an interest
At beginning
of the year
At end
of the year
At beginning
of the year
At end
of the year
The Company
Ordinary shares fully paid
Fu Xuezhang
60,000
190,000
–
–
Chua Soh Har
10,844,000
10,844,000
462,863,980
462,863,980
Tay Siew Choon
530,000
530,000
–
–
Choong Chow Siong
530,000
530,000
–
–
Lim Song Joo
–
300,000
–
–
Neo Poh Kok David
–
300,000
–
–
Wu Xiuyi (Alternate Director to Wu Hsioh Kwang)
32,865,000
32,865,000
–
–
Wu Xiuzhuan (Alternate Director to Chua Soh Har)
26,956,000
26,956,000
–
–
Except as disclosed in this report, no director who held office at the end of the financial year had interests in shares, debentures, warrants or share options of
the Company, or of related corporations, either at the beginning or at the end of the financial year.
There were no changes in any of the above-mentioned interests in the Company between the end of the financial year and 21 January 2015.
Except as disclosed under the “Share Options” section of this report, 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 in or debentures of the Company or any other body corporate.
Except for salaries, bonuses and fees and those benefits that are disclosed in this report and in note 20 to the financial statements, since the end of the last
financial year, no director has received, or become entitled to receive, a benefit by reason of a contract made by the Company or a related corporation with
the director, or with a firm of which he is a member, or with a company in which he has a substantial financial interest.
Share options
The Straco Share Option Scheme (the “2004 Scheme”) of the Company was approved and adopted by its members at an Extraordinary General Meeting
held on 12 January 2004. Details of the 2004 Scheme were described in the Prospectus dated 10 February 2004 on the Company’s initial public offer of
shares. On 28 April 2010, the Company amended the 2004 Scheme to allow controlling shareholders and their associates, who are in the employment of the
Group, to be eligible to participate in the 2004 Scheme. The 2004 Scheme was administered by the Company’s Remuneration Committee, comprising three
directors, namely Tay Siew Choon, Choong Chow Siong and Chua Soh Har.
DIRECTORS’ REPORT
