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Singapore Airlines Annual Report 2007-08
77
5 Options on Shares in the Company (continued)
(ii) Restricted Share Plan (“RSP”) and Performance Share Plan (“PSP”) (continued)
The particulars of RSP and PSP in subsidiary companies are as follows:
(a) Singapore Airport Terminal Services Limited (“SATS”)
The SATS RSP and SATS PSP were approved by the shareholders of SATS on 19 July 2005.
The basis upon which a share may be awarded is similar to that of the RSP and PSP implemented by the Company.
The details of the shares awarded under SATS RSP and SATS PSP are as follows:
Number of Restricted shares
Balance at
1.4.2007/later Balance at
Date of grant date of grant Adjustment # Cancelled 31.3.2008
SATS RSP
2.10.2006 182,030 2,666 (7,770) 176,926
27.7.2007 345,750 - - 345,750
527,780 2,666 (7,770) 522,676
Number of Performance shares
Balance at
1.4.2007/later Balance at
Date of grant date of grant Adjustment # Cancelled 31.3.2008
SATS PSP
2.10.2006 84,360 1,291 - 85,651
27.7.2007 98,200 - - 98,200
182,560 1,291 - 183,851
# Following approval by SATS’ shareholders of the declaration of a special dividend of $0.05 per share on 26 July 2007,
the Remuneration and Human Resource Committee administering the SATS RSP and SATS PSP approved a revision in all
outstanding restricted shares and performance shares under SATS RSP and SATS PSP respectively. The number of outstanding
restricted shares and performance shares reflected here are after such adjustment.
REPORT BY THE BOARD OF DIRECTORS