Positioning for the Future | 97
Appendix
Directors’ Report
DIRECTORS’ INTERESTS IN SHARES OR DEBENTURES
(cont’d)
Holdings in the name of the director,
spouse and/or infant children
At beginning
of the
year/date of
appointment
At end
of the year
CapitaLand Treasury Limited
$350 million 4.30% Fixed Rate Notes due 2020
Euleen Goh Yiu Kiang
$250,000
$250,000
CapitaMalls Asia Treasury Limited
$350 million 3.95% Fixed Rate Notes due 2017
Kee Teck Koon
$500,000
$500,000
The Ascott Capital Pte Ltd
$300 million 3.78% Fixed Rate Notes due 2019
Kee Teck Koon
$250,000
$250,000
Footnotes
1
Performance shares are shares under awards pursuant to the CapitaLand Performance Share Plan 2010.
2
Restricted shares are shares under awards pursuant to the CapitaLand Restricted Share Plan 2010.
3
The mnal number of shares to be released will depend on the achievement of pre-determined targets over a three-year performance
period. No share will be released if the threshold targets are not met at the end of the performance period. On the other hand, if superior
targets are met, more shares than the baseline award could be released. For awards granted prior to 2012, the maximum is 200% of
the baseline award. For awards granted in 2012 and 2013, the maximum is 175% of the baseline award. For awards granted in 2014,
the maximum will be 170% of the baseline award.
4
The mnal number of shares to be released will depend on the achievement of pre-determined targets at the end of a one-year performance
period and the release will be over a vesting period of three years. No share will be released if the threshold targets are not met at the end
of the performance period. On the other hand, if superior targets are met, more shares than the baseline award could be delivered up to
a maximum of 150% of the baseline award. For awards granted in 2014, an additional number of shares of a total value equal to the value
of the accumulated dividends which are declared during each of the vesting periods and deemed forgone due to the vesting mechanism
of the CapitaLand Restricted Share Plan 2010, will also be released on the mnal vesting.
5
Being the unvested one-third of the award.
6
Being the unvested two-thirds of the award.
7
The one-off Strategic Transformational Incentive awards are awarded in the form of time-based restricted shares and with 100% vesting
on 1 March 2016. On the vesting, an additional number of shares of a total value equal to the value of the accumulated dividends which
are declared during each of the vesting periods and deemed forgone due to the vesting mechanism of the CapitaLand Restricted Share
Plan 2010, will also be released.
8
CapitaMalls Asia Limited (CMA) was delisted from the Ofmcial List of the Singapore Exchange Securities Trading Limited and The Stock
Exchange of Hong Kong Limited on 22 July 2014 following the completion of the voluntary cash offer and subsequent compulsory
acquisition of shares in CMA by Sound Investment Holdings Pte Ltd, a wholly-owned subsidiary of the Company.
There was no change in any of the above-mentioned directors’ interests in the Company between the end of the mnancial
year and 21 January 2015.
