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40 Cathay Pacific Airways Limited Annual Report 2008
Directors’ Report
Substantial shareholders
The register of interests in shares and short positions maintained under Section 336 of the SFO shows that as at
31st December 2008 the Company had been notified of the following interests in the shares of the Company held
by substantial shareholders and other persons:
Public float
From information publicly available to the Company and
within the knowledge of its Directors, at least 25% of
the Company’s total issued share capital are held by
the public at all times.
Auditors
KPMG retire and, being eligible, offer themselves for
re-appointment. A resolution for the re-appointment of
KPMG as Auditors to the Company is to be proposed
at the forthcoming Annual General Meeting.
By order of the Board
Christopher Pratt
Chairman
Hong Kong, 11th March 2009
No. of shares
Percentage of
issued capital Type of interest (Note)
1. Air China Limited 2,948,122,554 74.96 Attributable interest (a)
2. China National Aviation Holding Company 2,948,122,554 74.96 Attributable interest (b)
3. CITIC Group 2,948,122,554 74.96 Attributable interest (c)
4. CITIC Pacific Limited 2,948,122,554 74.96 Attributable interest (a)
5. Swire Pacific Limited 2,948,122,554 74.96 Attributable interest (a)
6. John Swire & Sons Limited 2,948,122,554 74.96 Attributable interest (d)
Note: At 31st December 2008:
(a) Under Section 317 of the SFO, each of Air China, China National Aviation Company Limited (“CNAC”), CITIC Pacific and Swire Pacific, being a
party to the Shareholders’ Agreement in relation to the Company dated 8th June 2006, was deemed to be interested in a total of 2,948,122,554
shares of the Company, comprising:
(i) 1,572,332,028 shares directly held by Swire Pacific;
(ii) 687,895,263 shares indirectly held by CITIC Pacific and its wholly owned subsidiary Super Supreme Company Limited, comprising the
following shares held by their wholly owned subsidiaries: 286,451,154 shares held by Custain Limited, 189,976,645 shares held by Grand
Link Investments Holdings Ltd., 21,809,399 shares held by Perfect Match Assets Holdings Ltd., and 189,658,065 shares held by Smooth Tone
Investments Ltd.; and
(iii) 687,895,263 shares indirectly held by Air China and its subsidiaries CNAC and Total Transform Group Limited, comprising the following shares
held by their wholly owned subsidiaries: 288,596,335 shares held by Angel Paradise Ltd., 191,922,273 shares held by Easerich Investments
Inc. and 207,376,655 shares held by Motive Link Holdings Inc.
(b) China National Aviation Holding Company is deemed to be interested in a total of 2,948,122,554 shares of the Company, in which its subsidiary Air
China is deemed interested.
(c) CITIC Group is deemed to be interested in a total of 2,948,122,554 shares of the Company, in which its subsidiary CITIC Pacific Limited is deemed
interested.
(d) Swire and its wholly owned subsidiary JSSHK are deemed to be interested in a total of 2,948,122,554 shares of the Company by virtue of the
Swire group’s direct or indirect interest in shares of Swire Pacific representing approximately 38.15% of the issued capital and approximately
56.52% of the voting rights.