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63
Singapore Airlines Annual Report 05/06
5 Options on Shares in the Company (continued)
At the end of the fi nancial year, options to take up 79,196,566 unissued shares in the Company were outstanding:
Number of options to subscribe
for unissued ordinary shares
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balance at
1.4.2005/later Balance at Exercise
Date of grant date of grant Cancelled Exercised 31.3.2006 price Exercisable period
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
28.3.2000 12,524,010 (672,400) – 11,851,610 $15.34 28.3.2001 – 27.3.2010
3.7.2000 11,374,220 (359,050) – 11,015,170 $16.65 3.7.2001 – 2.7.2010
2.7.2001 12,528,300 (193,040) (2,056,990) 10,278,270 $11.96 2.7.2002 – 1.7.2011
1.7.2002 12,959,332 (203,750) (914,059) 11,841,523 $12.82 1.7.2003 – 30.6.2012
1.7.2003 12,297,818 (152,446) (3,069,343) 9,076,029 $10.34 1.7.2004 – 30.6.2013
1.7.2004 12,654,935 (269,925) (412,172) 11,972,838 $10.70 1.7.2005 – 30.6.2014
1.7.2005 13,293,461 (119,795) (12,540) 13,161,126 $11.28 1.7.2006 – 30.6.2015
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
87,632,076 (1,970,406) (6,465,104) 79,196,566
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The details of options granted to and exercised by directors of the Company:
Aggregate Aggregate
options options
granted since exercised since Aggregate
Exercise price commencement commencement options
Options for options of scheme of scheme outstanding
granted during granted during to end of to end of at end of
financial year financial year financial year financial year Options financial year
Name of participant under review under review under review under review lapsed under review
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Chew Choon Seng 240,000 $11.28 1,074,000 – – 1,074,000
The particulars of options on shares in subsidiary companies are as follows:
(a) Singapore Airport Terminal Services Limited (“SATS”)
The Singapore Airport Terminal Services Limited Employee Share Option Plan (“SATS ESOP”), which comprises the Senior
Executive Share Option Scheme and the Employee Share Option Scheme for senior executives and all other employees
respectively, was approved on 20 March 2000.
The basis upon which an option may be exercised is identical to that of the Plan implemented by the Company.
During the fi nancial year, in consideration of the payment of $1.00 for each offer accepted, offers of options were granted
pursuant to the SATS ESOP in respect of 15,865,800 unissued shares in SATS at an exercise price of $2.27 per share.
REPORT BY THE BOARD OF DIRECTORS