Vtech 2007 Annual Report Download - page 27

VTech Holdings Ltd
Annual Report 2007 25
DIRECTORS’ INTERESTS AND SHORT
POSITIONS IN SHARES, UNDERLYING
SHARES AND DEBENTURES
As at 31st March 2007, the interests and short positions
of the directors and chief executive of the Company in the
shares, underlying shares and debentures of the Company as
recorded in the register maintained by the Company pursuant
to Section 352 of the Securities and Futures Ordinance
(the “SFO”) and according to the record of notifi cation made
pursuant to Rule 3 of the Disclosure Rules and Transparency
Rules (“DTR”) of the Financial Services Authority (“FSA”) were
as follows:
(1) Interests in the Company
Equity Approximate
derivatives percentage of
Name of director Number of shares (share options) Total shareholding
Personal Family Other
interest interest interest
Allan WONG Chi Yun 15,654,393 3,968,683 74,101,153 (Note 1) 2,000,000 95,724,229 40.0%
Albert LEE Wai Kuen 2,549,332 – – 1,500,000 4,049,332 1.7%
Raymond CH’IEN Kuo Fung – – – – – –
William FUNG Kwok Lun 1,041,630 – – – 1,041,630 0.4%
Michael TIEN Puk Sun – – 423,000 (Note 2) – 423,000 0.2%
Patrick WANG Shui Chung – – – – – –
Note 1: The shares were held as to 1,416,325 directly by Honorex Limited (“Honorex”), as to 65,496,225 directly by Conquer Rex Limited (“Conquer Rex”) and as to
7,188,603 directly by Twin Success Pacifi c Limited (“Twin Success”). Conquer Rex was a wholly-owned subsidiary of Honorex. Each of Conquer Rex, Honorex
and Twin Success was a wholly-owned subsidiary of Trustcorp Limited as the trustee of The Wong Chung Man 1984 Trust, a discretionary trust of which Mr.
Allan WONG Chi Yun (“Mr. WONG”), a director of the Company, was the founder. Trustcorp Limited was therefore deemed to have an aggregate indirect
interest in 74,101,153 shares. Honorex was also deemed to have an indirect interest in the 65,496,225 shares.
Note 2: The shares were registered in the name of Romsley International Limited which is a wholly-owned subsidiary of J.P. Morgan Trust Company (Bahamas)
Limited as trustee of The Joy Plus Trust. The Joy Plus Trust is a discretionary trust in which Mr. Michael TIEN Puk Sun is the founder.
Note 3: As at the date of this report, there are 200 ordinary shares of the Company held by Mr. Edwin YING Lin Kwan, who has been appointed as director of the
Company on 11th April 2007, as personal interests.
Note 4: As at the date of this report, Mr. PANG King Fai, who has been appointed as director of the Company on 11th April 2007, has interests in equity derivative
of 150,000 and 50,000 share options granted to him on 28th April 2004 and 8th April 2005 respectively under the 2001 Share Option Scheme at the
exercise price of HK$15.00 and HK$11.41 respectively.
Note 5: All the interests stated above represent long position.
(2) Share Options of the Company
Number of share options held
as at as at
Name of director Date of grant Exercise price Exercisable period 1st April 2006 31st March 2007
(Note)
Allan WONG Chi Yun 12th August 2005 HK$19.3 26th August 2008 to 2,000,000 2,000,000
25th August 2010
Albert LEE Wai Kuen 19th November 2004 HK$11.03 22nd November 2007 to 1,500,000 1,500,000
21st November 2009
Note: As one of the conditions of grant, the grantee concerned agreed with the Company that the options granted shall not be exercisable within the period of
36 months from the date on which such options were accepted and shall not be exercisable after 60 months from the date on which such options were
accepted.
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