DIRECTORS’ INTEREST IN SHARES OR DEBENTURES (CONT’D)
The deemed interest of Ng Cheng Lian, Koh Thong Huat and Foo Joon Lye in the shares of the Company are by virtue
of their shareholdings in ADD Investment Holding Pte Ltd. At 30 June 2016, ADD Investment Holding Pte Ltd holds
119,954,406 shares in the Company. In addition, Foo Joon Lye is deemed to be interested in 7,682,000 shares in the
Company held by his nominee as at 30 June 2016.
By virtue of Section 7 (4) of the Act, the Directors, Ng Cheng Lian, Koh Thong Huat and Foo Joon Lye are deemed to
have an interest in the shares held by the Company in its wholly-owned subsidiary corporations.
Ng Cheng Lian, Koh Thong Huat and Foo Joon Lye, by virtue of their interest of not less than 20% of the issued share
capital of the Company are deemed to have an interest in the shares held by the Company in the following subsidiaries
corporation that are not wholly-owned by the Group.
Number of ordinary shares
Shareholdings in which a Director
is deemed to have an interest
At
At
Name of Directors
1.7.2015
30.6.2016
Zara@ISOTeam Pte. Ltd.
51,000
51,000
ISOTeam TMS (Myanmar) Limited
–
45,000
The Directors’ interests as at 21 July 2016 was the same as those at the end of the financial year.
SHARE OPTIONS
The Company does not have any share option scheme or share scheme.
No option to take up unissued shares of the Company or its subsidiary corporations was granted during the financial year.
There were no shares issued during the financial year by virtue of the exercise of options to take up unissued shares of
the Company or its subsidiary corporations whether granted before or during the financial year.
There were no unissued shares of the Company or its subsidiaries under option at the end of the financial year.
ISOTEAM PERFORMANCE SHARE PLAN
The ISOTeam Performance Share Plan (the “ISOTeam PSP”) was adopted by the shareholders of the Company on
5 June 2013. The ISOTeam PSP contemplates the award of fully-paid shares in the capital of the Company (“Shares”) to
participants after certain pre-determined benchmarks have been met. The Directors believe that the ISOTeam PSP will
be more effective than pure cash bonuses in motivating employees of the Group to work towards pre-determined goals.
The ISOTeam PSP allows for participation by full-time employees of the Group (including the Executive Directors who
are not a substantial shareholder of the Company or its associates) who have attained the age of 18 years and above on
or before the relevant date of grant of the award, provided that none shall be an undischarged bankrupt or have entered
into a composition with his creditors. Non-Executive Directors, Independent Directors and controlling shareholders
(including their associates) of the Company are not eligible to participate in the ISOTeam PSP.
DIRECTORS’ STATEMENT
55
ISOTEAM LTD.
ANNUAL REPORT 2016
