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4 Equity Compensation Plans of the Company (continued)
Under the RSP/RSP 2014 and PSP/PSP 2014, a base number of conditional share awards (“Base Award”) was/is granted to eligible participants
annually. Depending on the achievement of pre-determined targets over a two-year performance period for the RSP/RSP 2014 and a three-year
performance period for the PSP/PSP 2014, the Board Compensation & Industrial Relations Committee will determine an achievement factor
which will then be applied to the Base Award to determine the final number of RSP/RSP 2014 shares and PSP/PSP 2014 shares to be awarded
at the end of the respective performance periods (“Final Award”).
The achievement factor could range from 0% to 150% for the RSP/RSP 2014 and from 0% to 200% for the PSP/PSP 2014.
Half of the RSP/RSP 2014 Final Awards of fully paid ordinary shares will be released to the participants upon vesting. The balance will be released
equally over the subsequent two years with fulfilment of service requirements. All the PSP/PSP 2014 Final Awards of fully paid ordinary shares
will be released to the participants at the end of the three-year performance period. For the financial year under review, all RSP and PSP Final
Awards released were satisfied by way of the transfer of treasury shares to the participants.
No awards have been granted to controlling shareholders or their associates, or parent group directors or employees, under the RSP/RSP 2014
and PSP/PSP 2014.
No employee has received 5% or more of the total number of options or awards granted under the ESOP, RSP and PSP, or 5% or more of the
total number of shares available under the RSP 2014 and PSP 2014.
The details of the shares awarded under the RSP/RSP 2014 and PSP/PSP 2014 to a Director of the Company are as follows:
1. RSP Base Awards
Name of participant
Balance
as at
1 April 2015
Base Awards
granted
during the
financial year
Base Awards
vested
during the
financial year
Balance
as at
31 March 2016
Aggregate
Base Awards
granted since
commencement
of RSP to end of
financial year
under review
Goh Choon Phong 122,976 – 61,488 61,488 280,232
2. RSP 2014 Base Awards
Name of participant
Balance
as at
1 April 2015
Base Awards
granted
during the
financial year
Base Awards
vested
during the
financial year
Balance
as at
31 March 2016
Aggregate
Base Awards
granted since
commencement
of RSP to end of
financial year
under review
Goh Choon Phong – 60,000 – 60,000 60,000
3. RSP Final Awards (Pending Release) R1
Name of participant
Balance
as at
1 April 2015
Final Awards
granted
during the
financial year#
Final Awards
released
during the
financial year
Balance
as at
31 March 2016
Aggregate
ordinary shares
released to
participant since
commencement of
RSP to end of
financial year
under review
Goh Choon Phong 18,950 40,590 30,422 29,118 120,494
Annual Report FY2015/16 89