Singapore Airlines 2004 Annual Report Download - page 63

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61
SIA Annual Report 03/04
Report by the Board of Directors
5 Options on Shares in the Company (continued)
(b) SIA Engineering Company Limited (“SIAEC”) (continued)
At the end of the financial year, options to take up 62,637,100 unissued shares of $0.10 each in SIAEC were
outstanding:
Number of options to subscribe for
unissued ordinary shares of $0.10 each
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balance at
1.4.2003/later Balance at Exercise
Date of grant date of grant Cancelled Exercised 31.3.2004 price Exercisable period
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
28.3.2000 14,704,750 (257,200) (3,600) 14,443,950 $2.05 28.3.2001 – 27.3.2010
3.7.2000 13,727,650 (173,200) (95,400) 13,459,050 $1.95 3.7.2001 – 2.7.2010
2.7.2001 15,337,000 (104,000) (4,095,900) 11,137,100 $1.41 2.7.2002 – 1.7.2011
1.7.2002 16,531,600 (361,900) – 16,169,700 $2.38 1.7.2003 – 30.6.2012
1.7.2003 7,526,300 (99,000) – 7,427,300 $1.75 1.7.2004 – 30.6.2013
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
67,827,300 (995,300) (4,194,900) 62,637,100
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
6 Audit And Risk Committee
The Audit and Risk Committee performed the functions specified in the Companies Act. The functions performed are
detailed in the Report on Corporate Governance.
7 Auditors
The auditors, Ernst & Young, Certified Public Accountants, have expressed their willingness to accept re-appointment.
On behalf of the Board,
KOH BOON HWEE
Chairman
CHEW CHOON SENG
Chief Executive Officer
Dated this 14th day of May 2004