KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
48
Directors’ statement
By virtue of Section 7 of the Act, Tan Keng Siong Thomas is deemed to have interests in the shares of the Company
held by KH Group Holdings Pte. Ltd.. 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 of the Company held by
Credence Capital Fund II (Cayman) Limited.
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 2016 in the shares of the Company have not changed from those disclosed as at
31 December 2015.
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 statement and in note 26 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 and at the date of this statement are:
•
Ho Boon Chuan Wilson (Chairman)
Independent Director
•
Douglas Owen Chester
(Member)
Lead Independent Director
•
Ong Sie Hou Raymond
(Member)
Independent Director
