105 How We Are Governed Financial Statements Shareholders’ Information Additional Information Since the commencement of the ESS on 21 September 2017, six (6) offers had been made under the ESOS on 2 January 2018, 31 May 2018, 2 May 2019, 17 June 2019, 1 July 2020 and 2 August 2021 respectively. As for the ESGP, the Board of KIBB had on 4 March 2021, approved the granting of the Performance Share Plan (“PSP”) Award to Eligible Employees of the Company and its non-dormant subsidiaries on 3 May 2021 where the PSP shares were vested on 2 June 2021 (“Vesting Date”). In determining the total number of shares to be awarded to each Eligible Employee, the ESS Committee and the GNC had taken into consideration amongst others, the Eligible Employees’ performance, seniority (denoted by corporate rank) and contribution to the growth and performance of KIBB Group. As part of the condition attached to the PSP Award, the PSP Grantee is restricted from selling/ transferring the shares issued to him/ her for a period of one (1) year from the Vesting Date. The details of the ESS are set out under Note 54 of the Financial Statements section appearing on pages 342 to 350 of this Annual Report. Brief details on the number of options granted, exercised, forfeited and outstanding since the commencement of the ESS on 21 September 2017 and during the Financial Year (“FY”) 2018, FY 2019, FY 2020 and FY 2021 are set out below. For the Period from 21 September 2017 to 31 December 2018 ESOS(1) Total GMD(2) Senior Management Other Entitled Employees Granted 59,423,000 10,000,000(3) 16,580,000(3) 32,843,000(3) Exercised 194,400 0 0 194,400 Forfeited(4) 1,479,000 0 0 1,479,000 Outstanding 57,749,600 10,000,000 16,580,000 31,169,600 For the Period from 1 January 2019 to 31 December 2019 ESOS(1) Total GMD(2) Senior Management Other Entitled Employees Granted 6,431,000 0 750,000(5) 5,681,000(5) Exercised 0 0 0 0 Forfeited(4) 1,528,000 0 0 1,528,000 Cancelled(6) 265,500 0 195,000 70,500 Outstanding 62,387,100 10,000,000 17,135,000 35,252,100 For the Period from 1 January 2020 to 31 December 2020 ESOS(1) Total GMD(2) Senior Management Other Entitled Employees Granted 3,311,000 0 0 3,311,000(5) Exercised 9,247,100 0 1,161,000 8,086,100 Forfeited 1,731,000 0 450,000(7) 1,281,000(4) Cancelled(6) 952,500 0 195,000 757,500 Outstanding 53,767,500 10,000,000 15,329,000 28,438,500
RkJQdWJsaXNoZXIy NDgzMzc=