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NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
fInanCIal StatementS
35. Employee benefits (cont’d.)
Employees’ Share Scheme (“ESS”) (cont’d.)
The eligibility criteria of the ESS are as follows:
(i)
Full time employment in the Company or other company within the Group for more than one (1) year;
(ii)
A resident who is a citizen of Malaysia, non-citizen with permanent resident status or non-citizen who holds a valid work
permit in Malaysia and has entered into a full time or fixed term employment with any Company within the Group, having
the designation of Manager or above;
(iii)
If the employee is working under a fixed-term contract basis, the term of contract must not be less than two (2) years
and renewal of contract must take place six (6) months before expiration; and
(iv) Fulfills such other criteria as determined by the Options Committee from time to time.
The ESS is for a period of 5 years and the Options Committee has the discretion to extend the duration of the ESS for up to
another 5 years provided that the scheme does not exceed 10 years in its entirety.
(a) ESOS
The following table illustrates the number of share options (“No.”), weighted average exercise prices (“WAEP”) and
movements during the financial year:
Movement of share options under the ESOS during the financial year
Group
2018
2017
No.
WAEP (RM)
No.
WAEP (RM)
Outstanding at 1 April 2017/1 April 2016
-
-
8,273,500
1.64
- Granted
-
-
268,800
1.83
- Exercised
-
-
(2,166,117)
1.49
- Forfeited/lapsed
-
-
(2,812,500)
1.93
Outstanding at 31 March
-
-
3,563,683
1.89
Exercisable at 31 March
-
-
-
-
-
The weighted average fair value of options granted during the financial year was RM Nil (2017: RM0.17).
-
The weighted average share price at the date of exercise of the options exercised during the financial year was
RM Nil (2017: RM1.89).
-
The weighted average exercise price for options outstanding at the end of the year was RM Nil (2017: RM1.89).
-
The ESOS had expired on 17 November 2016.