Vtech 2010 Annual Report Download - page 36

34 VTech Holdings Ltd Annual Report 2010
Report of the Directors
Directors’ Interests and Short Positions in Shares, Underlying Shares and Debentures
As at 31 March 2010, the interests and short positions of the directors and chief executives of the Company in the shares, underlying
shares and debentures of the Company or any of its associated corporations (within the meaning of Part XV of the Securities and
Futures Ordinance (the “SFO”)) as recorded in the register maintained by the Company pursuant to Section 352 of the SFO or otherwise
notified to the Company and the Hong Kong Stock Exchange pursuant to the Model Code for Securities Transactions by Directors of
Listed Issuers (the “Model Code”) set out in Appendix 10 to the Listing Rules as adopted by the Company, were as follows:
(1) Interests in the Company
Approximate
Number of shares Equity derivatives percentage of
Name of director Personal interest Family interest Other interest (share options) Total shareholding
Allan WONG Chi Yun 8,150,393 3,968,683 74,101,153 992,000 87,212,229 35.3%
(Note 1)
PANG King Fai – – – 744,000 744,000 0.3%
Andy LEUNG Hon Kwong 124,500 – – 248,000 372,500 0.2%
William FUNG Kwok Lun 449,430 – 592,200 – 1,041,630 0.4%
(Note 2)
Michael TIEN Puk Sun – 211,500 211,500 – 423,000 0.2%
(Note 3) (Note 3)
Patrick WANG Shui Chung 162,000 – – – 162,000 0.1%
Notes:
(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 Pacific 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
Dr. Allan WONG Chi Yun, 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.
(2) The shares were held by Golden Step Limited which was beneficially owned by Dr. William FUNG Kwok Lun.
(3) The shares were held by Romsley International Limited which was jointly owned by Mr. Michael TIEN Puk Sun and his spouse.
(4) All the interests stated above represented 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 1 April 2009 31 March 2010
Allan WONG Chi Yun 17 April 2008 HK$41.07 24 April 2009 to 23 April 2011 496,000 –
(Note 1)
17 April 2008 HK$41.07 24 April 2010 to 23 April 2012 496,000 496,000
17 April 2008 HK$41.07 24 April 2011 to 23 April 2013 496,000 496,000
PANG King Fai 8 April 2005 HK$11.41 8 April 2008 to 7 April 2010 50,000 –
(Note 2)
17 April 2008 HK$41.07 23 April 2009 to 22 April 2011 248,000 248,000
17 April 2008 HK$41.07 23 April 2010 to 22 April 2012 248,000 248,000
17 April 2008 HK$41.07 23 April 2011 to 22 April 2013 248,000 248,000
Andy LEUNG Hon Kwong 17 April 2008 HK$41.07 25 April 2009 to 24 April 2011 124,000 –
(Note 3)
17 April 2008 HK$41.07 25 April 2010 to 24 April 2012 124,000 124,000
17 April 2008 HK$41.07 25 April 2011 to 24 April 2013 124,000 124,000
Notes:
(1) The weighted average closing price per share immediately before the date on which options were exercised was HK$59.24.
(2) The weighted average closing price per share immediately before the date on which options were exercised was HK$61.50.
(3) The weighted average closing price per share immediately before the date on which options were exercised was HK$56.95.
Save as disclosed above, as at 31 March 2010, none of the directors and chief executives of the Company had any interest or short
position in shares, underlying shares and debentures of the Company or any of its associated corporations (within the meaning of
Part XV of the SFO) which were required to be recorded in the register kept by the Company pursuant to Section 352 of the SFO or
otherwise notified to the Company and the Hong Kong Stock Exchange pursuant to the Model Code.