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Karachi: With reference to your letter Ref. No.KSE/C-297-8141 dated December 13, 2010, please find enclosed herewith the final progress report on the Employees Share Option Scheme up to December 31, 2011 where the exercise period under the Scheme expired and all outstanding share options have lapsed.
We trust the above information will meet your requirement.
Public Companies (Employees Stock Option Scheme) Rule, 2001 Implementation Issues in Formation of Engro Polymer and Chemicals Limited (EPCL) as at December 31, 2011
| Name of
Company
|
No. of
options granted
|
No. of
employees to whom options were granted |
No. of
options exercised
|
Date of
employees who exercised the option |
Date of
grant of options |
Date of
commencement of exercise period |
Date of close
of exercise period |
| ————- | ——– | ——— | ——— | ———- | ———– | ————— | ———– |
| Engro Polymer
and Chemicals Limited (EPCL) |
5,300,000 | 41 | None | None | October 08,
2007 |
January 1, 2010
|
December 31,
2011 |
Note: In January 2010, EPCL announced a Rights issue of 27.5% at Rs.10 per share. Consequently, the total number of options increased by 1,457,500 i.e. from 5,300,000 to 6,757,500 and the Exercise Price reduced from Rs. 22 to Rs. 19.41. The change in number of options and exercise price was approved by SECP through its letter No.SMD/CW/ESOS/4/2007 dated May 6, 2010. The exercised period under the Scheme expired on December 31, 2011, due to which all outstanding share options have lapsed.
Particulars of Chairman/ Managing Agent, all Directors, Chief Executive Officer, Chief financial officer, Company Secretary of the Company to whom Employee Stock Option Issued Pursuant to the Scheme.
| Name | Designation | Fathers
Name |
CNIC NO | Postal Address | No. of
Options Granted |
No of
options exercised |
No of
options outstanding |
Options
lapsed |
Share
Issued |
| ———- | ————– | ———— | ————— | —————- | ——— | ——— | ———– | ——— | —— |
| Mr. Asif | Chief
Executive Officer (Till Dec 31, 2011) |
Mr.
Waheed Qadir |
42301-514654-1 | A-23-A, Sunset
Boulevard, Phase II, DHA, Karachi |
1,192,858 | None | Nil | 1,192,858 | Nil |
| ———- | ————– | ———— | ————— | —————- | ——— | ——— | ———– | ——— | —— |
| Mr. Khalid
Siraj Subhani |
Chief
Executive Officer (From Jan 1 2012 to Date) |
Syed Sirajul
Islam Subhani |
45101-6778750-7 | 123/1, 13-
Street, Khayaban-e- Muhafiz, Phase VI, DHAI Karachi |
Nil | N/A | N/A | N/A | N/A |
| ———- | ————– | ———— | ————— | —————- | ——— | ——— | ———– | ——— | —— |
| Mr.
Arshaduddin Ahmed |
Company
Secretary / Chief Financial Officer |
Mr.
Moizuddin Ahmed |
42201-6967056-9 | 33-B/2, Q-Street
off Commercial Avenue Phase VI DHA Karachi. |
392,857 | None | Nil | 392,857 | Nil |
For more information, Contact:
Engro Polymer and Chemicals Limited
First Floor, Bahria Complex I,
24 M. T. Khan Road, Karachi 74000
UAN: 111 411 411
PABX: 35610610 – 35610743, 35610753,
Fax: +92-21-35611690