108
STAMFORD LAND CORPORATION LTD
Notes to Financial Statements
26
SHARE CAPITAL
THE COMPANY AND GROUP
Number of
ordinary shares
$’000
2016
2015
2016
2015
Issued and fully paid:
Beginning of financial year
863,833,482
863,833,482
144,556
144,556
Issue of new ordinary shares
105,000
–
60
–
&OE PG GJOBODJBM ZFBS
863,938,482
863,833,482
144,616
144,556
The ordinary shares of no par value carry no right to fixed income and are fully paid-up.
0O +VMZ
UIF $PNQBOZ JTTVFE
PSEJOBSZ TIBSFT GPS GVMGJMMJOH UIF HSBOU PG QFSGPSNBODF
shares that were fully vested during the financial year.
4UBNGPSE -BOE $PSQPSBUJPO -UE 1FSGPSNBODF 4IBSF 1MBO
ŏ4-$ 141Ő
6OEFS UIF 4-$ 141 BO BXBSE HSBOUFE SFQSFTFOUT UIF SJHIU UP SFDFJWF GVMMZ QBJE TIBSFT GSFF PG DIBSHF
provided that certain pre-determined performance conditions (if applicable) are satisfied within the
performance period (if applicable) during which such performance conditions are to be satisfied.
1FSGPSNBODF DPOEJUJPOT BSF JOUFOEFE UP CF CBTFE PO TIPSU UP NFEJVN UFSN DPSQPSBUF DSJUJDBM UBSHFUT
based on criteria such as total shareholders’ returns, market share, market ranking, return on sales and
gross operating profits being met over a short period of one to three years.
5IF QFSTPOT FMJHJCMF UP QBSUJDJQBUF JO UIF 4-$ 141 BSF FJUIFS TFMFDUFE FNQMPZFFT PG UIF (SPVQ PG
such rank as the Remuneration Committee may determine, or other participants as selected by
the Remuneration Committee at its discretion, but shall exclude the independent directors of the
Company, controlling shareholders and the associates of such controlling shareholders.
105,000 ordinary shares were granted during the financial year and since the commencement of the
4-$ 141
