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CapitaLand Limited
Annual Report 2015
Directors’ Statement
Directors’ Interests in Shares or Debentures
(continued)
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 final 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 in 2012 and 2013, the maximum is 175% of the baseline award.
For awards granted in 2014 and 2015, the maximum is 170% and 200% of the baseline award respectively.
4
The final 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 from 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 final 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
During the financial year, Mr Lim Ming Yan validly tendered $1,000,000 aggregate principal amount of the $1.2 billion convertible bonds 2.875%
due 2016 which was accepted by the Company pursuant to its invitation to tender for repurchase for cash.
Except as disclosed in this statement, no director who held office at the end of the financial year had interests in shares,
debentures or options of the Company or of related corporations either at the beginning of the financial year or at the end of
the financial year.
There was no change in any of the above-mentioned directors’ interests in the Company between the end of the financial
year and 21 January 2016.
Arrangements to Enable Directors to Acquire Shares and Debentures
Except as disclosed under the Directors’ Interests in Shares or Debentures and Share Plans sections of this statement,
neither at the end of nor at any time during the financial year was the Company a party to any arrangement whose objects are,
or one of whose objects is, to enable the directors of the Company to acquire benefits by means of the acquisition of shares
in or debentures of the Company or any other body corporate.
