Director's Service Agreements

The offeree board circular must contain particulars of all service contracts of any director:

(a) Which, have been entered into or amended within 6 months before the commencement of the offer period;
(b) Which are continuous contracts with a notice period of 12 months or more; or
(c) Which are fixed term contracts with more than 12 months to run irrespective of the notice period.

The particulars must be given of the earlier contracts, if any, which have been replaced or amended as well as the current contracts. If no disclosures are required to be made under this paragraph, this should be stated.