Cathay Pacific 2014 Annual Report Download - page 40

Cathay Pacific Airways Limited
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Directors’ interests
At 31st December 2014, the register maintained under
Section 352 of the Securities and Futures Ordinance (“SFO”)
showed that a Director held the following interest in the
shares of Cathay Pacific Airways Limited:
Capacity No. of shares
Percentage of
issued capital (%)
Ian Shiu Personal 1,000 0.00003
Other than as stated above, no Director or chief executive
of Cathay Pacific Airways Limited had any interest or short
position, whether beneficial or non-beneficial, in the shares
or underlying shares (including options) and debentures of
Cathay Pacific Airways Limited or any of its associated
corporations (within the meaning of Part XV of the SFO).
Directors’ Report
Directors’ interests in competing business
Pursuant to Rule 8.10 of the Listing Rules, Christopher Pratt,
Cai Jianjiang, Fan Cheng, Ian Shiu, John Slosar, Song
Zhiyong and Wang Changshun disclosed that they were
directors of Air China during the year. Air China competes or
is likely to compete, either directly or indirectly, with the
businesses of the Company as it operates airline
services to certain destinations which are also served by
the Company.
Substantial shareholders
The register of interests in shares and short positions
maintained under Section 336 of the SFO shows that as at
31st December 2014 the Company had been notified of the
following interests in the shares of the Company held by
substantial shareholders and other persons:
No. of shares
Percentage of
issued capital (%) Type of interest (Note)
1. Air China Limited 2,949,997,987 74.99 Attributable interest (a)
2. China National Aviation Holding Company 2,949,997,987 74.99 Attributable interest (b)
3. Swire Pacific Limited 2,949,997,987 74.99 Attributable interest (a)
4. John Swire & Sons Limited 2,949,997,987 74.99 Attributable interest (c)
Note: At 31st December 2014:
(a) Under Section 317 of the SFO, each of Air China, China National Aviation Company Limited (“CNAC”) 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 2,949,997,987 shares of the
Company, comprising:
(i) 1,770,238,000 shares directly held by Swire Pacific;
(ii)1,179,759,987sharesindirectlyheldbyAirChinaanditssubsidiariesCNAC,SuperSupremeCompanyLimitedandTotalTransformGroup
Limited,comprisingthefollowingsharesheldbytheirwhollyownedsubsidiaries:288,596,335sharesheldbyAngelParadiseLtd.,280,078,680
shares held by Custain Limited, 191,922,273 shares held by Easerich Investments Inc., 189,976,645 shares held by Grand Link Investments
Holdings Ltd., 207,376,655 shares held by Motive Link Holdings Inc. and 21,809,399 shares held by Perfect Match Assets Holdings Ltd.
(b) China National Aviation Holding Company is deemed to be interested in a total of 2,949,997,987 shares of the Company, in which its subsidiary Air
China is deemed interested.
(c) Swire and its wholly owned subsidiary JSSHK are deemed to be interested in a total of 2,949,997,987 shares of the Company by virtue of the Swire
group’s interests in shares of Swire Pacific representing approximately 48.83% of the issued capital and approximately 60.91% of the voting rights.
Public float
From information that is publicly available to the Company
and within the knowledge of its Directors as at the date of
this report, at least 25% of the Company’s total issued share
capital is held by the public.
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
John Slosar
Chairman
Hong Kong, 18th March 2015