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The report presents the directors and describes corporate arrangements, including whether any arrangements existed enabling directors to acquire benefits through shares or debentures. It details directors’ shareholding interests and interests in share options under the PwC Employee Share Option Scheme, including option grants and unissued ordinary shares. It also outlines directors’ contractual benefits and related disclosures for the 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is the reporting period covered by the Directors’ Report?","Question",{"text":109,"@type":110},"The report covers the financial year ended 31 December 2006.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"Did the company enter into arrangements enabling directors to acquire benefits through shares or debentures?",{"text":114,"@type":110},"No such arrangements existed at the end of, or during, the financial year, other than matters disclosed under “Share options”.",{"name":116,"@type":107,"acceptedAnswer":117},"How does the PwC Employee Share Option Scheme govern option vesting and exercise?",{"text":118,"@type":110},"Options are granted to eligible key management personnel and employees, vest after further service and achievement of profitability and sales growth targets, and become exercisable for a contractual option term of four 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together with the audited financial statements of the Group for the financial year ended 31 December 2006 and the balance sheet of the Company at 31 December 2006.  \nDirectors  \nThe directors of the Company in office at the date of this report 1 are as follows:  \nMr Tan Cheng Eng  \nMr David John Grey MrAng Boon Chew Mr Michael Philip White  \nMr Balachandran Nair Madam Wan Oon Kee Mr Lee Chee Wai Dr Ran Jedwin Gervasio  \n(appointed on 1 May 2006) 1 (appointed on 26 February 2007) 1  \nArrangements to enable directors to acquire shares and debentures  \nNeither at the end of nor at any time during the financial year was the Company a party to any arrangement whose object 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 anyother body corporate, other than as disclosed under “Share options” on pages 56 and 57.  \nDirectors’ interests in shares or debentures 2  \n(a) According to the register of directors’ shareholdings, none of the directors holding office at the end of the financial year had any interest in the shares or debentures of the Company or its related corporations 3 , except as follows:  \nCA 201 (5)  \nCA 201 (6A)  \nCA 201 (6)(a)  \nCA 201 (6A)(a)  \nCA 201 (6)(f)  \nCA 201 (6A)(g)  \nCA 201 (6)(g)  \nCA 201(6A)(h)  \nHoldings registered in Holdings in which a director  \n name of director or nominee   is deemed to have an interest  \nAt At 1.1.2006 or date of At At 1.1.2006 or date of  \n31.12.2006   appointment, if later   31.12.2006   appointment, if later   \nCompany  \n(Ordinary shares)  \nMr David John Grey 1,270,000 500,000 1,500,000 1,000,000  \nMrAng Boon Chew 97,000 65,000 – –  \nMr Lee Chee Wai 2,000 2,000 – –  \nPwC Corporate Limited  \n(Ordinary shares of £1 each)  \nMr David John Grey 1,000,000 1,000,000 – –  \nMr Andrew Lloyd White 200,000 200,000 – –  \n(resigned on 5 January 2007) 2  \nDirectors’ Report  \n54 pwc  \nPwC Holdings Ltd and Its Subsidiaries  \nDirectors’ Report  \nfor the financial year ended 31 December 2006  \n(b) According to the register of directors’ shareholdings, certain directors holding office atthe end of the financial year had interests in options to subscribe for ordinary shares of the Company granted pursuant to the PwC Employee Share Option Scheme as set out below and under “Share options” on pages 56 and 57.  \nNo. of unissued ordinary shares under options  \nMrAng Boon Chew  \n2004 Options  \n2005 Options  \n2006 Options  \nAt  \n31.12.2006  \n–  \n50,000  \n50,000  \nAt  \n1.1.2006  \n30,000 50,000  \n–  \n(c) Mr David John Grey, who by virtue of his interest of not less than 20% of the issued capital of the Company, is deemed to have an interest in the whole of the share capital of the Company’s wholly-owned subsidiaries and in the shares held by the Company in the following subsidiaries that are not wholly-owned by the Group:  \nPwC Furniture (PRC) Co., Ltd  \n-Registered and issued share capital  \nPwC Components (Singapore) Pte Ltd  \n-No. of ordinary shares  \nPwC Components (Philippines) Pte Ltd  \n-No. of ordinary shares of Peso 1,000 each  \nPwC Components (Philippines) Subsidiary Pte Ltd  \n-No. of ordinary shares of Peso 1,000 each  \nAt  \n31.12.2006  \nRMB 8,500,000  \n1,300,000 2,000,000  \n1,000,000  \nAt  \n1.1.2006  \nRMB 8,500,000 1,300,000  \n–  \n–  \n(d) The directors’ interests in the ordinary shares and convertible securities of the Company as at 21 January 2007 were the same as those as at 31 December 2006.  \nDirectors’ contractual benefits 4  \nSince the end of the previous financial year, no director has received or become entitled to receive a benefit by reason of a contract made by the Company or a related corporation with the director or with a firm of which he is a member or with a company in which he has a substantial financial interest, except as disclos","cbCaitwYr14IKECK","https://ap.wps.com/l/cbCaitwYr14IKECK","pdf",141368,13,"English","# Directors\n## Directors’ interests in shares or debentures\n## Directors’ contractual benefits\n## Share options","[{\"question\":\"What is the reporting period covered by the Directors’ Report?\",\"answer\":\"The report covers the financial year ended 31 December 2006.\"},{\"question\":\"Did the company enter into arrangements enabling directors to acquire benefits through shares or debentures?\",\"answer\":\"No such arrangements existed at the end of, or during, the financial year, other than matters disclosed under “Share options”.\"},{\"question\":\"How does the PwC Employee Share Option Scheme govern option vesting and exercise?\",\"answer\":\"Options are granted to eligible key management personnel and employees, vest after further service and achievement of profitability and sales growth targets, and become exercisable for a contractual option term of four years.\"}]","PwC Holdings Ltd and Its Subsidiaries - Directors’ Report - Financial Year Ended 31 December 2006 | PDF",1789272553]