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13.4 DBSH PERFORMANCE SHARE PLAN
The DBSH Performance Share Plan the “PSP” is a stock-based plan where DBSH ordinary shares are given free to eligible employees. Eligible employees currently are similar to the DBSH Share
Option Plan Para 13.3.
During the financial year, 598,380 2001 : 2,378,420 DBSH shares were awarded to selected employees pursuant to the PSP. Remuneration expenses are recognised in the profit and loss
account over the relevant performance period when the shares are awarded.
13.5 DBSH EMPLOYEE SHARE PLAN
The DBSH Employee Share Plan the “Employee Share Plan” is intended to cater to all employees of the DBSH Group and associated companies of the DBSH Group who are not eligible to
participate in the DBSH Share Option Plan, the DBSH Performance Share Plan or other equivalent plans.
During the financial year, 438,940 2001 : Nil DBSH shares were awarded to selected employees pursuant to the ESP. Remuneration expenses are recognised in the profit and loss account over
the relevant performance period when the shares are awarded.
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14 SHARE CAPITAL
The share capital of DBS Bank at December 31, 2002, is as follows:
In S’million 2002
2001 Authorised
2,000,000,000 ordinary shares of S1 each 2,000
2,000 600,000,000 non-redeemable convertible preference shares of
S2 each 1,200
1,200 300,000,000 non-voting convertible preference shares of S1
each 300
300 800,000 non-cumulative redeemable non-convertible perpetual
preference shares of US0.01 each and each with a liquidation preference of US1,000
17,500 non-cumulative redeemable non-convertible perpetual preference shares of S0.01 each and each with a
liquidation preference of S10,000 -
1
-
1
1,100,000,000 non-cumulative non-convertible perpetual preference shares of S0.01 each and each with a
liquidation preference of S100 11
11
1,511 1,511
Issued and fully paid-up
1,962,302,697 2001: 1,636,045,569 ordinary shares of S1 each
1,962 1,636
11,000,000 2001: 11,000,000 non-cumulative non- convertible perpetual preference shares S0.01each
Total Issued and Paid-up Share Capital of DBS Bank 1,962
1,636
Amount under S500,000 1 Amounted to S175.
14.1 On May 7, 2002, DBS Bank issued 210,686,648 ordinary shares of par value S1.00 each for S211 million to DBSH, for general corporate purposes, including the maintenance of required
minimum total capital adequacy ratios.
14.2 On December 23, 2002, DBS Bank issued 115,570,480 ordinary shares of par value S1.00 each for S1,306 million to DBSH, for general corporate purposes, including the maintenance of
required minimum total capital adequacy ratios.
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15 RESERVES
15.1 SHARE PREMIUM ACCOUNT