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Gamuda Berhad (29579-T) • Annual Report 2012
Employees’ share option scheme (cont’d.)
Details of options granted to directors are disclosed in the section on Directors’ Interests in this report.
Warrants 2010/2015
Each Warrant 2010/2015 entitles the registered holder to subscribe for 1 new ordinary share in the Company at any time on
or after 26 May 2010 to 25 May 2015, at an exercise price of RM2.66 in accordance with the Deed Poll dated 15 April 2010.
Any Warrant 2010/2015 not exercised by the date of maturity will lapse thereafter and cease to be valid for all purposes. As
at the reporting date, 247,554,060 Warrants 2010/2015 remained unexercised.
The ordinary shares issued from the exercise of Warrants 2010/2015 shall rank pari passu in all respects with the existing
issued ordinary shares of the Company except that they shall not be entitled to any dividends, rights, allotments and/or other
distributions, the entitlement date of which is prior to the date of allotment of the new shares arising from the exercise of
Warrants 2010/2015.
other statutory information
(a) Before the income statements, statements of comprehensive income and statements of financial position of the Group
and of the Company were made out, the directors took reasonable steps:
(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision
for doubtful debts and satisfied themselves that there were no known bad debts and that adequate provision had
been made for doubtful debts; and
(ii) to ensure that any current assets which were unlikely to realise their values as shown in the accounting records in
the ordinary course of business had been written down to an amount which they might be expected so to realise.
(b) At the date of this report, the directors are not aware of any circumstances which would render:
(i) it necessary to write off any bad debts or the amount of the provision for doubtful debts inadequate to any substantial
extent; and
(ii) the values attributed to the current assets in the financial statements of the Group and of the Company
misleading.
(c) At the date of this report, the directors are not aware of any circumstances which have arisen which would render
adherence to the existing method of valuation of assets or liabilities of the Group and of the Company misleading or
inappropriate.
(d) At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report or
financial statements of the Group and of the Company which would render any amount stated in the financial statements
misleading.
DIRECToRS’ REPoRT