Share Options (Continued)
(2)
All employees’ share option plans are administered by the Remuneration Committee whose members
are:
Sunny Wong Fook Choy (Appointed Chairman on 17 November 2014)
Robert Sebastiaan Lette
Steven Chong Teck Sin
(3)
As at the end of the financial year, there was no option to subscribe for ordinary shares of the Company
granted to directors of the Company under any of the InnoTek Employees’ Share Option Plan.
(4)
The unissued ordinary shares of the Company under Scheme II and Scheme 2014 as at 31 December 2015
comprises:
Date of
Grant
No. of
Options
Granted
No. of
Options
Exercised
No. of
Options
Cancelled
No. of
Options
Outstanding
Subscription
Price
Per Share
Exercise
Period
23 May 2013 7,730,000
–
6,220,000 1,510,000
S$0.28 23/5/2014 to
23/5/2018
1 Dec 2014 1,000,000
–
1,000,000
–
S$0.27 1/12/2015 to
1/12/2019
(5)
The options under Scheme II and Scheme 2014 may be exercised only after the first anniversary of the
Date of Grant of options.
(6)
During the financial year, no options were granted under Scheme 2014.
No options have been granted to directors of the Company and controlling shareholders of the Company or
their associates.
The options granted by the Company do not entitle the holders of the options, by virtue of such holding, to any
right to participate in any share issue of any other company.
Audit Committee
The members of the Audit Committee as at the date of this report are:
Steven Chong Teck Sin
(Chairman)
Robert Sebastiaan Lette
Teruo Kiriyama
(Appointed on 1 March 2016)
The Audit Committee has held four meetings during the financial year and discharged its responsibilities in
accordance with its Terms of Reference.
I N N O T E K L I M I T E D
A N N U A L R E P O R T 2 0 1 5
38
DIRECTORS’
STATEMENT
