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V. FINANCIAL STATEMENTS

100 | S P SETIA BERHAD GROUP | Annual Report 2014

DIRECTORS’ INTEREST IN SHARES AND LTIP

The following directors who held office at the end of the financial year had an interest in shares in the Company and its related corporations

during the financial year required to be disclosed in accordance with Section 169(6)(g) of the Companies Act, 1965, as follows:

– No. of ordinary shares of RM0.75 each –

At

At

1.11.2013

Acquisition

Disposal

31.10.2014

Dato’ Voon Tin Yow

- direct

29,898

4,913,485

-

4,943,383

Dato’ Khor Chap Jen

- direct

-

92,400

-

92,400

The following directors had an interest in LTIP during the financial year as follows:

– No. of shares under the ESGP –

As at

At

1.11.2013

Granted

Vested

Lapsed 31.10.2014

Dato’ Voon Tin Yow

336,000

-

(110,880)

(225,120)

-

Dato’ Khor Chap Jen

280,000

-

(92,400)

-

187,600

– No. of share options under the ESOS –

As at

At

1.11.2013

Exercised

Lapsed 31.10.2014

Dato’ Voon Tin Yow

9,600,000

(4,800,000)

(4,800,000)

-

Dato’ Khor Chap Jen

8,000,000

-

-

8,000,000

None of other directors in office at the end of the financial year had any interest in the Company or its related corporations during the financial

year.

DIRECTORS’ BENEFITS

Since the end of the previous financial year, no director of the Company has received or become entitled to receive any benefit (other

than benefits included in the aggregate amount of emoluments received or due and receivable by the directors as shown in the financial

statements or the fixed salary of a full-time employee of the Company as shown in note 35 to the financial statements) by reason of a

contract made by the Company or a related corporation with the director or with a firm of which the director is a member, or with a company

in which the director has a substantial financial interest except for any benefit which may be deemed to have arisen from the transactions

disclosed in note 41 to the financial statements.

Neither during nor at the end of the financial year was the Company a party to any arrangements whose object is to enable the directors of

the Company to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate, other

than those arising from the shares or share options granted under the LTIP.

DIRECTOR’S REPORT

For the year ended 31 October 2014