NOTICE OF ANNUAL GENERAL MEETING
Karin Technology Holdings Limited
Annual Report 2015
124
8.
Authority to grant options and issue shares under the 2014 Karin Employee Share
Option Scheme
“That the Directors of the Company be and are hereby authorised to offer and grant
options in accordance with the provisions of the 2014 Karin Employee Share Option
Scheme (“
2014 ESOS
”) and to allot and issue from time to time such number of
shares as may be required to be issued pursuant to the exercise of the options under
the 2014 ESOS provided always that the aggregate number of shares to be issued
pursuant to the 2014 ESOS shall not exceed 15% of the total number of issued
shares excluding treasury shares in the capital of the Company from time to time.”
(See Explanatory Note 4)
(Resolution 9)
9.
Authority to Grant of Options at a Discount under the 2014 Karin Employee Share
Option Scheme
“That, subject to and contingent upon the passing of Resolution 9, the Directors of
the Company be and are hereby authorised to offer and grant Options in accordance
with the provisions of the 2014 Karin Employee Share Option Scheme (“
2014 ESOS
”)
to participants with exercise prices set at a discount to the Market Price (as defined
in the Appendix dated 24 September 2014) subject to the following conditions:
(a)
the maximum discount shall not exceed 20% of the market price, which is
the average of the last dealt prices for a Share as determined by reference
to the daily official list or any other publication published by the SGX-ST
for five (5) consecutive market days immediately prior to the relevant date
of offer of the option to a participant of the 2014 ESOS (as determined in
accordance with the rules of the 2014 ESOS); and
(b)
in no event shall the exercise price be less than the nominal value of each
Share.”
(Resolution 10)
