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Singapore Airlines Annual Report 2007-08
78
5 Options on Shares in the Company (continued)
(ii) Restricted Share Plan (“RSP”) and Performance Share Plan (“PSP”) (continued)
(b) SIA Engineering Company Limited (“SIAEC”)
The SIAEC RSP and SIAEC PSP were approved by the shareholders of SIAEC on 25 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 SIAEC RSP and SIAEC PSP are as follows:
Number of Restricted shares
Balance at
1.4.2007/later Balance at
Date of grant date of grant Cancelled 31.3.2008
SIAEC RSP
3.7.2006 203,200 (8,300) 194,900
2.7.2007 339,600 (1,300) 338,300
542,800 (9,600) 533,200
Number of Performance shares
Balance at
1.4.2007/later Balance at
Date of grant date of grant Cancelled 31.3.2008
SIAEC PSP
3.7.2006 36,900 (5,800) 31,100
2.7.2007 61,200 - 61,200
98,100 (5,800) 92,300
6 Audit Committee
The Audit Committee performed the functions specified in the Singapore 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,
STEPHEN LEE CHING YEN
Chairman
CHEW CHOON SENG
Chief Executive Officer
Dated this 13th day of May 2008
REPORT BY THE BOARD OF DIRECTORS