Creative 2009 Annual Report Download - page 12

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12
CREATIVE฀TECHNOLOGY฀LTD฀AND฀ITS฀SUBSIDIARIES
5. SHARE OPTIONS (cont’d)
(b) Share options outstanding
The number of unissued ordinary shares of the Company under option in relation to the 1999 Scheme outstanding at the
end of the financial year was as follows:
฀฀ Number฀
฀ of฀unissued฀
฀ ordinary฀shares฀ Weighted฀฀ ฀
฀ under฀option฀at฀ average฀ ฀
Grant฀ 30.6.2009฀ exercise฀price฀(US$)฀ Expiry฀date
฀August฀1999฀ 1,888,866฀ $8.56฀ 16฀August฀2009
฀ October฀1999฀ 64,703฀ $8.56฀ 28฀October฀2009
฀ October฀2001฀ 1,059,530฀ $4.54฀ 17฀October฀2011
฀ January฀2002฀ 333,067฀ $7.61฀ 2฀January฀2012
฀ ฀ ฀ ฀ 28฀September฀2009฀to฀
June฀2002฀ 225,626฀ $3.43฀ 29฀December฀2011
฀ October฀2002฀ 5,500฀ $6.41฀ 11฀October฀2012
฀ April฀2003฀ 17,500฀ $6.31฀ 30฀April฀2013
฀ January฀2004฀ 37,500฀ $10.31฀ 5฀January฀2014
฀ October฀2005฀ 2,268,000฀ $7.42฀ 18฀October฀2015
฀ December฀2005฀ 160,000฀ $8.21฀ 12฀December฀2010
฀ December฀2007฀ 2,676,354฀ $4.70฀ 31฀December฀2017
฀ December฀2008฀ 277,000฀ $2.64฀ 24฀December฀2018
฀฀ ฀9,013,646
6. AUDIT COMMITTEE
The Audit Committee of the Board of Directors was formed in 1992. The members of the Audit Committee at the end of
the financial year were as follows:
Lee Kheng Nam (Chairman)
Ng Kai Wa
Lee Gwong-Yih
All members of the Audit Committee were non-executive directors. In performing its functions, the Committee reviewed
the audit plan and the overall scope of work of the Company’s independent auditor. It met with the auditor to discuss the
results of its examination and its evaluation of the system of internal accounting control of the Company and its subsidiaries.
The Committee also reviewed interested person transactions and the effectiveness of the internal audit function.
The Committee reviewed the balance sheet of the Company and the consolidated financial statements of the Group as well as
the independent auditor’s report thereon and recommended to the Board of Directors the nomination of PricewaterhouseCoopers
LLP as independent auditor of the Company at the forthcoming annual general meeting.
DIRECTORS’ REPORT
– For the financial year ended 30 June 2009
AR09 pg1-64_Final.indd 12 10/2/2009 10:38:06 AM