Vtech 2001 Annual Report Download - page 30

SUBSTANTIAL SHAREHOLDINGS
According to the register of substantial shareholders maintained by the Company pursuant to Section 16(1) of the
Securities (Disclosure of Interests) Ordinance of Hong Kong and the records of notification made to the U.K. Listing
Authority pursuant to Paragraphs 9.11 to 9.14 of the Listing Rules of the Financial Services Authority in the United
Kingdom and in so far as is known to the Company, the parties, other than those directors as abovementioned,
holding a 3% or more interest in the issued share capital of the Company, together with the amount of each of such
parties' interests as at 31st March 2001 and 27th June 2001, were as follows:
31st March 2001 27th June 2001
Name of Shareholder
Number of
Shares
Percentage of
Shareholding
Number of
Shares
Percentage of
Shareholding
HKSCC Nominees Limited 107,203,456 47.61% 104,995,044 46.63%
The Capital Group Companies, Inc. 26,320,934 11.69% 20,013,199 8.89%
HSBC Nominees (Hong Kong) Limited 13,659,465 6.07% 13,659,465 6.07%
There were no contracts of significance with corporate substantial shareholders during the year under review.
SECURITIES PURCHASE ARRANGEMENTS
At the annual general meeting held on 11th August 2000, shareholders renewed the approval of a general mandate
authorising the directors to effect repurchases of the Company's own shares up to a limit of 10% of the shares in
issue as at that date.
PURCHASE, SALE OR REDEMPTION OF LISTED SHARES
The Company has not redeemed any of its shares during the year. Neither the Company nor any of its subsidiaries
has purchased or sold any of the Company's shares during the year.
MAJOR CUSTOMERS AND SUPPLIERS
During the year the five largest suppliers in aggregate accounted for less than 30.0% of the total value of the Group's
purchases. The Group's largest customer accounted for 9.9% of the Group's turnover and the Group's five largest
customers in aggregate accounted for 33.0% of the Group's turnover during the year.
None of the directors, their associates or any shareholder (which to the knowledge of the directors owns more than
5% of the company's share capital) had an interest in the customers and the suppliers noted above.
PRE-EMPTIVE RIGHTS
There is no provision for pre-emptive rights under the bye-laws of the Company although there are no statutory
restrictions against such rights under the laws of Bermuda in which the Company is incorporated.
CONNECTED TRANSACTIONS
Significant transactions entered into by the Company during the year ended 31st March 2001 which also constitute
connected transactions for the Company under Chapter 14 of the Rules Governing the Listing of Securities on The
Stock Exchange of Hong Kong Limited and Chapter 11 of the Listing Rules of the Financial Services Authority in the
United Kingdom (as the case may be) are set out below:
1. On 28th September 2000, the Company issued a press notice and disclosed that the Company had advanced
various shareholders' loans (``Advances'') to VTech Computers Systems Limited (``VTCS''), a non wholly-owned
subsidiary of the Company at that time, since July 1997. In addition, certain sales and purchases of computer
hardware between VTCS and other wholly-owned subsidiaries and one non wholly-owned subsidiary of the
Group had been made (``Sales'') since July 1997. The provision of Advances by the Company to VTCS and the
Sales made by VTCS with members of the Group constituted connected transactions for the Company.
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Report of the Directors