{"id":1523,"date":"2011-08-26T08:57:16","date_gmt":"2011-08-26T08:57:16","guid":{"rendered":"http:\/\/www.ttigroup.com\/onlinereport\/ir2011\/?page_id=1523"},"modified":"2011-08-26T08:57:16","modified_gmt":"2011-08-26T08:57:16","slug":"share-options","status":"publish","type":"page","link":"https:\/\/ir2012.www.ttigroup.com\/governance-others\/share-options\/","title":{"rendered":"Share Options"},"content":{"rendered":"

The following table discloses movements in the Company\u2019s share options during the six months period ended June 30, 2012:<\/p>\n\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
Share option holders<\/td>\n\t\tDate of
share options
granted<\/td>\n\t\t		Share
option
scheme
category(1)<\/sup><\/td>\n\t\t		Outstanding
at beginning
of the period<\/td>\n\t\t		Granted
during the
period<\/td>\n\t\t		Exercised
during the
period<\/td>\n\t\t		Lapsed
during the
period<\/td>\n\t\t		Outstanding
at end of
the period<\/td>\n\t\t		Subscription
price<\/td>\n\t\t		Exercise period<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\tHKD<\/td>\n\t\t<\/td>\n\t<\/tr>\n\t
Directors<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t<\/tr>\n\t
Mr Horst Julius Pudwill<\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t600,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t600,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t26.11.2010<\/td>\n\t\tD<\/td>\n\t\t600,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t600,000<\/td>\n\t\t8.310<\/td>\n\t\t26.11.2010 – 25.11.2020<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t21.5.2012<\/td>\n\t\tD<\/td>\n\t\t\u2014<\/td>\n\t\t570,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t570,000<\/td>\n\t\t8.742<\/td>\n\t\t21.5.2012 – 20.5.2022<\/td>\n\t<\/tr>\n\t
Mr Joseph Galli Jr<\/td>\n\t\t6.3.2007<\/td>\n\t\tC<\/td>\n\t\t1,000,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t(1,000,000)<\/td>\n\t\t\u2014<\/td>\n\t\t10.572<\/td>\n\t\t6.3.2007 – 5.3.2012<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t1,000,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t1,000,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
Mr Kin Wah Chan<\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t1,000,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t1,000,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
Mr Chi Chung Chan<\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t1,000,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t1,000,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
Mr Stephan Horst Pudwill<\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t1,000,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t1,000,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t21.5.2012<\/td>\n\t\tD<\/td>\n\t\t\u2014<\/td>\n\t\t1,000,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t1,000,000<\/td>\n\t\t8.742<\/td>\n\t\t21.5.2012 – 20.5.2022<\/td>\n\t<\/tr>\n\t
Prof Roy Chi Ping Chung BBS JP<\/span><\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t600,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t600,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
Mr Joel Arthur Schleicher<\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t400,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t400,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t23.5.2011<\/td>\n\t\tD<\/td>\n\t\t200,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t200,000<\/td>\n\t\t9.872<\/td>\n\t\t23.5.2011 – 22.5.2021<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t21.5.2012<\/td>\n\t\tD<\/td>\n\t\t\u2014<\/td>\n\t\t250,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t250,000<\/td>\n\t\t8.742<\/td>\n\t\t21.5.2012 – 20.5.2022<\/td>\n\t<\/tr>\n\t
Mr Christopher Patrick Langley OBE<\/span><\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t400,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t400,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 -15.11.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t23.5.2011<\/td>\n\t\tD<\/td>\n\t\t200,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t200,000<\/td>\n\t\t9.872<\/td>\n\t\t23.5.2011 – 22.5.2021<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t21.5.2012<\/td>\n\t\tD<\/td>\n\t\t\u2014<\/td>\n\t\t250,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t250,000<\/td>\n\t\t8.742<\/td>\n\t\t21.5.2012 – 20.5.2022<\/td>\n\t<\/tr>\n\t
Mr Manfred Kuhlmann<\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t400,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t400,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t23.5.2011<\/td>\n\t\tD<\/td>\n\t\t200,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t200,000<\/td>\n\t\t9.872<\/td>\n\t\t23.5.2011 – 22.5.2021<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t21.5.2012<\/td>\n\t\tD<\/td>\n\t\t\u2014<\/td>\n\t\t250,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t250,000<\/td>\n\t\t8.742<\/td>\n\t\t21.5.2012 – 20.5.2022<\/td>\n\t<\/tr>\n\t
Mr Peter David Sullivan<\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t400,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t400,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t23.5.2011<\/td>\n\t\tD<\/td>\n\t\t200,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t200,000<\/td>\n\t\t9.872<\/td>\n\t\t23.5.2011 – 22.5.2021<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t21.5.2012<\/td>\n\t\tD<\/td>\n\t\t\u2014<\/td>\n\t\t250,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t250,000<\/td>\n\t\t8.742<\/td>\n\t\t21.5.2012 – 20.5.2022<\/td>\n\t<\/tr>\n\t
Mr Vincent Ting Kau Cheung<\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t400,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t400,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t23.5.2011<\/td>\n\t\tD<\/td>\n\t\t200,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t200,000<\/td>\n\t\t9.872<\/td>\n\t\t23.5.2011 – 22.5.2021<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t21.5.2012<\/td>\n\t\tD<\/td>\n\t\t\u2014<\/td>\n\t\t250,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t250,000<\/td>\n\t\t8.742<\/td>\n\t\t21.5.2012 – 20.5.2022<\/td>\n\t<\/tr>\n\t
Total for directors<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t9,800,000<\/td>\n\t\t2,820,000<\/td>\n\t\t\u2014<\/td>\n\t\t(1,000,000)<\/td>\n\t\t11,620,000<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t<\/tr>\n\t
Employees<\/td>\n\t\t1.1.2007<\/td>\n\t\tC<\/td>\n\t\t150,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t(150,000)<\/td>\n\t\t\u2014<\/td>\n\t\t10.080<\/td>\n\t\t1.1.2007 – 31.12.2011<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t6.3.2007<\/td>\n\t\tC<\/td>\n\t\t4,325,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t(4,325,000)<\/td>\n\t\t\u2014<\/td>\n\t\t10.572<\/td>\n\t\t6.3.2007 – 5.3.2012<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t20.7.2007<\/td>\n\t\tD<\/td>\n\t\t200,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t200,000<\/td>\n\t\t10.060<\/td>\n\t\t20.7.2007 – 19.7.2017<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t24.8.2007<\/td>\n\t\tD<\/td>\n\t\t2,060,000<\/td>\n\t\t\u2014<\/td>\n\t\t(100,000)<\/td>\n\t\t\u2014<\/td>\n\t\t1,960,000<\/td>\n\t\t8.390<\/td>\n\t\t24.8.2007 – 23.8.2017<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t16.10.2007<\/td>\n\t\tD<\/td>\n\t\t75,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t75,000<\/td>\n\t\t8.810<\/td>\n\t\t16.10.2007 – 15.10.2017<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t7.11.2007<\/td>\n\t\tD<\/td>\n\t\t40,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t40,000<\/td>\n\t\t8.088<\/td>\n\t\t7.11.2007 – 6.11.2017<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t23.11.2007<\/td>\n\t\tD<\/td>\n\t\t500,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t500,000<\/td>\n\t\t7.578<\/td>\n\t\t23.11.2007 – 22.11.2017<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t14.1.2008<\/td>\n\t\tD<\/td>\n\t\t970,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t(100,000)<\/td>\n\t\t870,000<\/td>\n\t\t7.566<\/td>\n\t\t14.1.2008 – 13.1.2018<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t17.4.2008<\/td>\n\t\tD<\/td>\n\t\t1,575,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t(300,000)<\/td>\n\t\t1,275,000<\/td>\n\t\t7.780<\/td>\n\t\t17.4.2008 – 16.4.2018<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t14.5.2008<\/td>\n\t\tD<\/td>\n\t\t40,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t40,000<\/td>\n\t\t7.500<\/td>\n\t\t14.5.2008 – 13.5.2018<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t30.5.2008<\/td>\n\t\tD<\/td>\n\t\t490,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t(40,000)<\/td>\n\t\t450,000<\/td>\n\t\t7.546<\/td>\n\t\t30.5.2008 – 29.5.2018<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t1.9.2008<\/td>\n\t\tD<\/td>\n\t\t150,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t150,000<\/td>\n\t\t7.450<\/td>\n\t\t1.9.2008 – 31.8.2018<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t11.9.2008<\/td>\n\t\tD<\/td>\n\t\t50,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t50,000<\/td>\n\t\t7.430<\/td>\n\t\t11.9.2008 – 10.9.2018<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t2.10.2008<\/td>\n\t\tD<\/td>\n\t\t75,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t75,000<\/td>\n\t\t7.068<\/td>\n\t\t2.10.2008 – 1.10.2018<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t1.12.2008<\/td>\n\t\tD<\/td>\n\t\t100,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t100,000<\/td>\n\t\t2.340<\/td>\n\t\t1.12.2008 – 30.11.2018<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t16.11.2009<\/td>\n\t\tD<\/td>\n\t\t7,080,000<\/td>\n\t\t\u2014<\/td>\n\t\t(120,000)<\/td>\n\t\t(50,000)<\/td>\n\t\t6,910,000<\/td>\n\t\t6.770<\/td>\n\t\t16.11.2009 – 15.11.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t7.12.2009<\/td>\n\t\tD<\/td>\n\t\t100,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t100,000<\/td>\n\t\t6.790<\/td>\n\t\t7.12.2009 – 6.12.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t21.12.2009<\/td>\n\t\tD<\/td>\n\t\t225,000<\/td>\n\t\t\u2014<\/td>\n\t\t(25,000)<\/td>\n\t\t(100,000)<\/td>\n\t\t100,000<\/td>\n\t\t6.350<\/td>\n\t\t21.12.2009 – 20.12.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t28.12.2009<\/td>\n\t\tD<\/td>\n\t\t30,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t30,000<\/td>\n\t\t6.390<\/td>\n\t\t28.12.2009 – 27.12.2019<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t13.9.2010<\/td>\n\t\tD<\/td>\n\t\t1,050,000<\/td>\n\t\t\u2014<\/td>\n\t\t(150,000)<\/td>\n\t\t\u2014<\/td>\n\t\t900,000<\/td>\n\t\t7.390<\/td>\n\t\t13.9.2010 – 12.9.2020<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t17.1.2011<\/td>\n\t\tD<\/td>\n\t\t20,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t20,000<\/td>\n\t\t10.436<\/td>\n\t\t17.1.2011 – 16.1.2021<\/td>\n\t<\/tr>\n\t
<\/td>\n\t\t16.12.2011<\/td>\n\t\tD<\/td>\n\t\t100,000<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t\u2014<\/td>\n\t\t100,000<\/td>\n\t\t7.530<\/td>\n\t\t16.12.2011 – 15.12.2021<\/td>\n\t<\/tr>\n\t
Total for employees<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t19,405,000<\/td>\n\t\t\u2014<\/td>\n\t\t(395,000)<\/td>\n\t\t(5,065,000)<\/td>\n\t\t13,945,000<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t<\/tr>\n\t
Total for all categories<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t\t29,205,000<\/td>\n\t\t2,820,000<\/td>\n\t\t(395,000)<\/td>\n\t\t(6,065,000)<\/td>\n\t\t25,565,000<\/td>\n\t\t<\/td>\n\t\t<\/td>\n\t<\/tr>\n<\/table>\n
Notes:\n\t
\n\t\t
(1)<\/div>\n\t\t
\n\t\t\t

Scheme C is the share option scheme adopted by the Company on March 28, 2002 and has expired on March 27, 2007. The Company adopted Scheme D on May 29, 2007.<\/p>\n\t\t<\/div>\n\t<\/div>\n\t

\n\t\t
(2)<\/div>\n\t\t
No option was cancelled during the period.<\/div>\n\t<\/div>\n\t
\n\t\t
(3)<\/div>\n\t\t
The weighted average closing price of the Company\u2019s shares immediately before various dates on which the share options were exercised was HKD9.14.<\/div>\n\t<\/div>\n
\n\t\t
(4)<\/div>\n\t
The following significant assumptions were used to derive the fair values using the Black-Scholes option pricing model:\n\t\t\t\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t
Date of grant<\/td>\n\t\t\t\t\tExercise price<\/td>\n\t\t\t\t\tExpected life of share options<\/td>\n\t\t\t\t\tExpected volatility based on historical volatility of share prices<\/td>\n\t\t\t\t\tHong Kong Exchange Fund Notes rate<\/td>\n\t\t\t\t\tExpected annual dividend yield<\/td>\n\t\t\t\t<\/tr>\n\t\t\t\t
<\/td>\n\t\t\t\t\tHKD<\/td>\n\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/td>\n\t\t\t\t<\/tr>\n\t\t\t\t
For the period ended June 30, 2012
21.5.2012<\/td>\n\t\t\t\t\t		8.742<\/td>\n\t\t\t\t\t3 years<\/td>\n\t\t\t\t\t41%<\/td>\n\t\t\t\t\t0.298%<\/td>\n\t\t\t\t\t1.5%<\/td>\n\t\t\t\t<\/tr>\n\t\t\t<\/table>\n\t\t\t

The share options are vested in whole or in parts over 3 years from the date of grant.<\/p>\n\t\t\t

For the purposes of the calculation of fair value, no adjustment has been made in respect of share options expected to be forfeited due to lack of historical data.<\/p>\n\t\t\t

The Black-Scholes option pricing model requires the input of highly subjective assumptions, including the volatility of share price. Because changes in subjective input assumptions can materially affect the fair value estimate, in the directors\u2019 opinion, the existing model does not necessarily provide a reliable single measure of the fair value of the share options.<\/p>\n\t\t\t

The closing price of the Company\u2019s shares on the date of grant was HKD8.57 per option.<\/p>\n\t\t\t

Expected volatility was determined by using the historical volatility of the Company\u2019s share price over the previous 3 years. The expected life used in the model has been adjusted, based on management\u2019s best estimated, for the effects of non transferability, exercise restrictions and behavioural considerations.<\/p>\n\t\t\t

The Group recognised a total expense of USD226,000 for the six months period ended June 30, 2012 in relation to share options granted by the Company.<\/p>\n\t\t\t

The fair value of the share options granted in the period was HKD2.11 per option.<\/p>\n\t\t<\/div>\n\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

The following table discloses movements in the Company\u2019s share options during the six months period ended June 30, 2012: Share option holders Date ofshare optionsgranted Shareoptionschemecategory(1) Outstandingat beginningof the period Grantedduring theperiod Exercisedduring theperiod Lapsedduring theperiod Outstandingat end ofthe period … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"parent":88,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"_tmp_report.php","meta":[],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/ir2012.www.ttigroup.com\/wp-json\/wp\/v2\/pages\/1523"}],"collection":[{"href":"https:\/\/ir2012.www.ttigroup.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ir2012.www.ttigroup.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ir2012.www.ttigroup.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/ir2012.www.ttigroup.com\/wp-json\/wp\/v2\/comments?post=1523"}],"version-history":[{"count":0,"href":"https:\/\/ir2012.www.ttigroup.com\/wp-json\/wp\/v2\/pages\/1523\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/ir2012.www.ttigroup.com\/wp-json\/wp\/v2\/pages\/88"}],"wp:attachment":[{"href":"https:\/\/ir2012.www.ttigroup.com\/wp-json\/wp\/v2\/media?parent=1523"}],"wp:term":[{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/ir2012.www.ttigroup.com\/wp-json\/wp\/v2\/yst_prominent_words?post=1523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}