19
Number of unissued
ordinary shares During the year
Number of unissued
ordinary
shares Subscription
price per ordinary
share Date of
expiration DBSH
Options
January 1, 2004 Granted
Exercised Lapsed
December 31, 2004
1999 3,801,036
- 319,902
124,351 3,356,783
15.30 July 27, 2009
March 2000 1,586,200
- -
89,200 1,497,000
20.87 March 5, 2010
July 2000 1,114,600
- -
52,600 1,062,000
22.33 July 26, 2010
March 2001 11,625,000
- -
952,000 10,673,000
17.70 March 14, 2011
June 2001 21,000
- -
- 21,000
14.76 May 31, 2011
August 2001 1,414,000
- 422,000
56,000 936,000
12.93 July 31, 2011
January 2002 50,500
- -
- 50,500
13.70 January 1, 2012
March 2002 11,776,240
a
- 788,030
736,000 10,252,210
14.73 March 27, 2012
August 2002 1,215,000
- 178,200
140,100 896,700
12.27 August 15, 2012
October 2002 9,260
- -
- 9,260
11.73 October 9, 2012
December 2002 20,000
- -
- 20,000
11.47 December 17, 2012
February 2003 13,526,200
a
- 1,581,540
947,230 10,997,430
10.40 February 23, 2013
March 2003 15,000
- -
- 15,000
9.18 March 9, 2013
March 2004
- 7,494,000
- 531,500
6,962,500
14.73 March 1, 2014
46,174,036
a
7,494,000 3,289,672
3,628,981 46,749,383
a Restated since last reported at December 31, 2003 due to withdrawal of staff resignation in 2004.
Ordinary shares of DBSH of par value 1.00 issued upon exercise of share options during the year yielded the following proceeds, at the following market value:
In millions 2004
2003 Ordinary share capital – at par
3
Share premium 37
2 Proceeds
40 2
Market value, at exercise date, of shares issued 50
3
Amount under 500,000
13.3 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 Note 13.2.
During the financial year, awards in respect of an aggregate of 727,400 2003: 768,360 DBSH ordinary shares were granted to selected employees pursuant to the PSP. When the shares are
awarded, remuneration expenses are computed using the average purchase price adjusted for provision for diminution in value and recognised in the profit and loss account on a straight-line
basis over the relevant performance period.
20
13.4 DBSH EMPLOYEE SHARE PLAN
The DBSH Employee Share Plan the “ESP” 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 current and previous financial years, there were no DBSH ordinary shares granted to eligible employees pursuant to the ESP. When the shares are awarded, remuneration expenses are
computed using the average purchase price adjusted for provision for diminution in value and recognised in the profit and loss account on a straight-line basis over the relevant performance
period.
14 SHARE CAPITAL
The share capital of DBS Bank at December 31, 2004, is as follows:
In millions 2004
2003
Authorised
2,000,000,000 ordinary shares of 1 each 2,000
2,000 600,000,000 non-redeemable convertible preference shares of 2 each
1,200 1,200
300,000,000 non-voting convertible preference shares of 1 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 0.01 each and each with a liquidation
preference of 10,000 1,100,000,000 non-cumulative non-convertible perpetual preference
shares of 0.01 each and each with a liquidation preference of 100 11
11
1,511 1,511
Issued and fully paid-up
1,962,302,697 2003: 1,962,302,697 ordinary shares of 1 each 1,962
1,962 11,000,000 2003: 11,000,000 non-cumulative non-convertible
perpetual preference shares 0.01each
Total 1,962
1,962
Amount under 500,000
15 RESERVES
15.1 SHARE PREMIUM ACCOUNT
