Creative 2012 Annual Report Download - page 15

13
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
DIRECTORS’ REPORT
For the nancial year ended 30 June 2012
The directors present their report to the members together with the audited nancial statements of the Group for the nancial year
ended 30 June 2012 and the balance sheet of the Company as at 30 June 2012.
1. DIRECTORS
The directors of the Company in ofce at the date of this report are as follows:
Sim Wong Hoo
Lee Kheng Nam
Ng Kai Wa
Lee Gwong-Yih
2. ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES AND DEBENTURES
Neither at the end of nor at any time during the nancial year was the Company a party to any arrangement whose object
was to enable the directors of the Company to acquire benets by means of the acquisition of shares in, or debentures of,
the Company or any other body corporate, other than as disclosed under “Share options” and “Performance shares” on pages
13 to 15 of this report.
3. DIRECTORS’ INTERESTS IN SHARES OR DEBENTURES
(a) According to the register of directors’ shareholdings, none of the directors holding ofce at the end of the nancial year
had any interest in the shares or debentures of the Company or its related corporations, except as follows:
Holdings registered in Holdings in which director
   
At At At At At At
Name of director 21.7.2012 30.6.2012 1.7.2011 21.7.2012 30.6.2012 1.7.2011

(Number of ordinary shares)
Sim Wong Hoo 23,270,652 23,270,652 23,270,652 – – –
Lee Kheng Nam 15,000 15,000 7,500 10,000 10,000 10,000
Ng Kai Wa 2,318,555 2,318,555 2,311,055 – – –
Lee Gwong-Yih 15,000 7,500 – – – –
In addition, by virtue of his interest of not less than 20% of the issued capital of Creative Technology Ltd., Mr Sim Wong
Hoo is also deemed under the Companies Act to have interests in all of the Company’s subsidiaries.
(b) According to the register of directors’ shareholdings, none of the directors holding ofce at the end of the nancial year
had any interests in options to subscribe for ordinary shares of the Company granted pursuant to the Creative Technology
(1999) Share Option Scheme (“1999 Scheme”) as set out under “Share options” on pages 13 to 14 of this report.
4. DIRECTORS’ CONTRACTUAL BENEFITS
Since the end of the previous nancial year, no director has received or become entitled to receive a benet by reason of a
contract made by the Company or a related corporation with the director or with a rm of which he is a member or with a
company in which he has a substantial nancial interest, except as disclosed in the accompanying nancial statements and
in this report.
5. SHARE OPTIONS
(a) Employee share option plans
The Creative Technology (1999) Share Option Scheme (“1999 Scheme”) was approved by shareholders at an Extraordinary
General Meeting on 30 December 1998 which allows options to be granted to full-time employees as well as consultants and
non-executive directors. The total number of shares that may be granted under the 1999 Scheme was 7.5 million, provided
that such amount shall be automatically increased on the rst day (1 July) of each of the ve nancial years ended 30
June 2001, 2002, 2003, 2004 and 2005 by four percent of the issued share capital of the Company as at the last day of the
immediate preceding nancial year. The Option Committee has the discretion to decide the vesting schedule in the letter of