KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
ANNUAL REPORT 2014
48
DIRECTORS’
REPORT
By virtue of Section 7 of the Act, Tan Keng Siong Thomas is deemed to have interests in the shares held by
KH Group Holdings Pte. Ltd. in the Company. Thomas Tan, by virtue of his interests of not less than 20%
of the issued share capital of the Company, is deemed to have an interest in the whole of the share capital
of the Company’s wholly-owned subsidiaries.
By virtue of Section 7 of the Act, Tan Chow Boon is deemed to have interests in the shares held by
Credence Capital Fund II (Cayman) Limited in the Company.
In accordance with the continuing listing requirements of Catalist of Singapore Exchange Securities Trading
Limited (“
SGX-ST
”), the Directors of the Company state that, according to the Register of Directors’
Shareholdings, the Directors’ interests as at 21 January 2015 in the shares of the Company have not
changed from those disclosed as at 31 December 2014.
DIRECTORS’ CONTRACTUAL BENEFITS
Since the end of last financial year, no director of the Company has received or become entitled to receive
a benefit by reason of a contract made by the Company or a related corporation with the director, or with a
firm of which he is a member, or with a company in which he has a substantial financial interest, except for
salaries, bonuses and other benefits that are disclosed in this report and in note 27 of the accompanying
financial statements.
Share options and share-based incentive
Kim Heng Employee Share Option Scheme 2013 (“Kim Heng ESOS”) and Kim Heng Performance Share
Plan 2013 (“Kim Heng PSP”)
The Company has adopted a share option scheme known as Kim Heng ESOS and performance share
plan known as Kim Heng PSP. The Kim Heng ESOS and Kim Heng PSP were approved and adopted by
the shareholders pursuant to a members’ resolution in writing on 26 December 2013. The share option
scheme and performance share plan are administered by the Company’s Remuneration Committee. No
share options or performance shares have been granted or awarded pursuant to the Kim Heng ESOS and
Kim Heng PSP.
There were no share options granted by the Company or its subsidiaries 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 subsidiaries.
There were no unissued shares of the Company or of its subsidiaries under options as at the end of the
financial year.
AUDIT & RISK COMMITTEE
The members of the Audit & Risk Committee during the year end and at the date of this report are:
Ho Boon Chuan Wilson (Chairman)
Independent Director
Douglas Owen Chester (Member)
Lead Independent Director
Ong Sie Hou Raymond (Member)
Independent Director
