CTCM » Topics » 3.9 Share-based payments

This excerpt taken from the CTCM 8-K filed Jul 2, 2008.

3.9 Share-based payments


The Group does not have a separate share-based payment plan.  However, a very limited amount of options and warrants were granted during 2005 by MTG to an employee of the Group.  The fair value of the options and warrants was determined at the grant date and has been recorded in the income statement of the Group over the vesting period with a corresponding increase in equity. Social costs have also been accrued over the vesting period. The requirements of IFRS 2 Share-based payments have been applied.


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