KENANGA ANNUAL REPORT 2019

315 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.) ESOS Second 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 31.5.2018 10,000,000 10,000,000 WAEP (RM) 0.630 - - - 0.630 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 31.5.2018 - 10,000,000 - - 10,000,000 WAEP (RM) N/A 0.630 - - 0.630 ESOS Third 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 02.5.2019 - 5,681,000 - 304,000 5,377,000 WAEP (RM) N/A 0.605 - - 0.605 ESOS Fourth 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 17.06.2019 - 750,000 - - 750,000 WAEP (RM) N/A 0.595 - - 0.595