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Share Capital |
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As at
31 Mar 2008 |
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| Total no of issued shares |
281,656,343 |
| Total no of treasury shares |
0 |
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Top 5 Shareholders |
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Shareholder Name |
No. of shares @
31 Mar 2008 |
Percentage ownership |
| CITICORP NOMINEES PTY LIMITED |
125,735,380 |
44.64% |
| BERNE NO 132 NOMINEES PTY LTD 461068 A/C |
21,285,750 |
7.56% |
| ANZ NOMINEES LIMITED CASH INCOME A/C |
18,720,466 |
6.65% |
| WONG YIN CHING |
9,621,000 |
3.41% |
| MAVCAP TECHNOLOGY SDN BHD |
8,928,571 |
3.17% |
Others |
97,365,176 |
34.57% |
TOTAL |
281,656,343 |
100% |
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Options |
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The Company has a total of 8,974,476 unlisted existing options have not exercise as at 30 April 2007. |
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A total of 700,000 options issued to non-related parties and a total of 8,274,476 options issued to employees as at 30 April 2007. |
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The Company has issued 10 million employee options to various key executives and employees of e-pay asia on 30 December 2005 under its Employee Share Option Scheme. The options are exercisable at 20 cents and expire 3 years from the date of issue. |
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The Company also adopted an Employee Share Option Scheme on 10 July 2000. Its features may be summarised as follows: |
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(a) |
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The Employee Share Option Scheme may be terminated or suspended at any time by resolution of the board of the Company. It is of no fixed duration. |
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(b) |
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Eligible participants include employees of the Company or any subsidiary of the Company as approved by the board of the Company from time to time. |
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The number of options to be offered to an eligible participant is determined by the board of the Company. Options may not be offered if the aggregate number of shares to be issued under outstanding options together with the number of shares issued during the previous five years pursuant to the Employee Share Option Scheme or any other share or option scheme extended only to employees (including directors) of the Company and associated bodies exceeds 5% of the total number of issued shares at the time of such offer or if the eligible participants would be in a position to cast or control the casting of more than 5% of the maximum number of votes that might be cast at a general meeting of the Company. |
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(d) |
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The exercise price is equal to the market value of a share of the Company listed on the ASX calculated by reference to the weighted average of the prices at which the shares were traded on ASX during the week before the date of offer of options. The board may discount the option exercise price provided that it is not less than any minimum price specified in the Listing. |
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(e) |
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Generally, a participant will be entitled to exercise options granted to him or her as follows unless determined otherwise by the Board |
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up to 25% of the options will be exercisable
between 1 year and 5 years after the options
were granted to the participant |
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up to a further 25% of the options will
be exercisable between 2 years and 5 years
after the options were granted to the participant |
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up to a further 50% of the options will
be exercisable between 3 years and 5 years
after the options were granted to the participant |
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provided that the number of options exercised
by the participant is at least equal to
a marketable parcel of shares the subject
of the options. |
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(f) |
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If an option holder dies or is permanently
disabled, unexercised options must be exercised
by the option holder (or the option holder's legal
personal representative) within 12 months of the
option holder's death or permanent disablement.
If the option holder ceases to be an employee
or director of the Company for any other reason,
unexercised options must be exercised by the option
holder (or the option holder's legal personal
representative) within 3 months of the option
holder ceasing to be an employee of the Company.
In all other circumstances, options issued under
the plan will expire after 5 years from their
date of issue. |
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(g) |
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If a takeover offer is made to shareholders
of the Company and the board becomes aware that
the offeror or its associates have become entitled
to more than 25% of shares in the Company, then
option holders are entitled to exercise all or
any of their unexercised options. Further, if
any person becomes entitled to more than 25% of
the Company's shares, the board may resolve that
option holders may exercise all or any of their
unexercised options. |
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(h) |
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If an option holder wishes to exercise an option,
the option holder must send to the secretary of
the Company the certificate for the options, a
signed notice addressed to the Company stating
that the option holder wishes to exercise the
options and specifying the number of options to
be exercised, and payment for shares to be issued
on exercise of the options. |
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(i) |
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Options granted under the scheme are in respect of ordinary shares. All option holders are entitled to receive any reports or documents sent to shareholders of the Company. |
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