More information about the Schemes and the Share Award Scheme and details of

More information about the schemes and the share

This preview shows page 51 - 54 out of 200 pages.

More information about the Schemes and the Share Award Scheme and details of performance shares and awards granted to eligible participants during the financial year under the Plan and the Share Award Scheme, can be found in Note 43 to the financial statements. * The term “controlling shareholder” shall have the meaning ascribed to it in the SGX-ST Listing Manual. 98 BANYAN TREE HOLDINGS LIMITED ANNUAL REPORT 201 7 REALISING OUR FULL POTENTIAL
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Founder’s Grant Ho KwonPing is entitled to, for each financial year for a period of ten years beginning from the financial year ended 31 December 2010, an amount equivalent to 5% of the profit before tax of the Group, such amount to be payable in cash or in shares at the sole discretion of the Company (the “Founder’s Grant”). Ho KwonPing shall be paid a total amount of S$1,192,598 in cash pursuant to the Founder’s Grant in respect of financial year ended 31 December 2017. Details of the Founder’s Grant can be found in Note 43 to the financial statements. Directors’ interests in shares and debentures The following directors, who held office at the end of the financial year had, according to the register of directors’ shareholdings required to be kept under Section 164 of the Companies Act, Chapter 50 of Singapore (“Companies Act”), an interest in shares and debentures of the Company and related corporations (other than wholly-owned subsidiaries), as stated below: Holdings registered in the name of director or nominee Holdings in which a director is deemed to have an interest Name of directors and companies in which interests are held At the beginning of financial year At the end of financial year As at 21 January 2018 At the beginning of financial year At the end of financial year As at 21 January 2018 Banyan Tree Holdings Limited (Incorporated in Singapore) Ordinary shares Ho KwonPing 293,319,882 301,948,882 301,948,882 Ariel P Vera 1,120,500 1,120,500 1,120,500 Chia Chee Ming Timothy 257,000 257,000 257,000 Elizabeth Sam 156,000 156,000 156,000 Debentures Chan Heng Wing 1 $250,000 $250,000 $250,000 Fang Ai Lian 2 $500,000 $500,000 $500,000 Bangtao Development Limited (Incorporated in Thailand) Ordinary shares Ho KwonPing 1 1 1 Phuket Resort Development Limited (Incorporated in Thailand) Ordinary shares Ho KwonPing 1 1 1 Twin Waters Development Company Limited (Incorporated in Thailand) Ordinary shares Ho KwonPing 2 2 2 1 Series 09 Notes issued by BTH under its S$700 million Multicurrency Debt Issuance Programme. 2 Series 10 Notes issued by BTH under its S$700 million Multicurrency Debt Issuance Programme. 99 GROUP OVERVIEW SUSTAINABILITY STRATEGIC OVERVIEW CORPORATE GOVERNANCE OPERATING & FINANCIAL REVIEW FINANCIALS ADDITIONAL INFORMATION
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Directors’ interests in shares and debentures (cont’d) By virtue of Section 7 of the Companies Act, Ho KwonPing is deemed to have interests in shares of the subsidiaries held by the Company.
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