KENANGA ANNUAL REPORT 2019

314 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 55. EQUITY COMPENSATION BENEFITS (CONT’D.) Kenanga’s Group Employees’ Share Scheme (“ESS”) (cont’d.) (1) ESOS (cont’d.) On 17 June 2019, the Bank has offered 750,000 of options under ESOS (“ESOS Fourth Offer”). The exercise price of the ESOS Fourth Offer is RM0.595. None of these options have been vested as at the reporting date. Details of share options granted under ESOS: Offer date Vesting date Number of options (‘000) Exercise price Number of exercisable options (‘000) Exercise period 02.1.2018 01.03.2018 2,218,000 0.575 1,865,600 01.03.2018 - 28.02.2021 02.1.2018 02.05.2019 14,161,500 0.575 13,132,500 02.05.2019 - 01.05.2022 02.1.2018 N/A* 33,043,500 0.575 N/A N/A 31.5.2018 02.05.2019 3,000,000 0.630 3,000,000 02.05.2019 - 01.05.2022 31.5.2018 N/A* 7,000,000 0.630 N/A N/A 02.05.2019 01.06.2019 386,000 0.605 362,000 01.06.2019 - 31.05.2022 02.05.2019 N/A* 5,295,000 0.605 N/A N/A 17.06.2019 N/A* 750,000 0.595 N/A N/A * Based on 3-year cliff vesting from the offer date and performance metrics. The following table illustrates the number and weighted average exercise price (“WAEP”) of, and movement in, share options during the financial year: ESOS First Offer 2019 Offer date Opening Movement during the financial year Outstanding As at 1.1.2019 Granted Exercised Forfeited/ Cancelled/ Lapsed As at 31.12.2019 02.1.2018 1,989,600 - - 124,000 1,865,600 02.1.2018 45,760,000 - - 1,365,500 44,394,500 WAEP (RM) 0.575 - - - 0.575 2018 Offer date Opening Movement during the financial year Outstanding As at 1.1.2018 Granted Exercised Forfeited/ Cancelled/ Lapsed As at 31.12.2018 02.1.2018 - 2,218,000 194,400 34,000 1,989,600 02.1.2018 - 47,205,000 - 1,445,000 45,760,000 WAEP (RM) N/A 0.575 0.575 - 0.575