106 Kenanga Investment Bank Berhad Annual Report 2021 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD For the Period from 1 January 2021 to 31 December 2021 ESOS(1) Total GMD(2) Senior Management Other Entitled Employees Granted 4,578,000 0 0 4,578,000(5) Adjustment(8) 0 0 80,000 -80,000 Exercised 25,675,000 3,000,000 9,419,000 13,256,000 Forfeited(4) 2,158,000 0 300,000 1,858,000 Cancelled(6) 227,500 0 0 227,500 Reinstatement(9) 450,000 0 450,000 0 Lapsed(10) 86,000 0 0 86,000 Outstanding 30,649,000 7,000,000 6,140,000 17,509,000 ESGP(1) Total GMD(2) Senior Management Other Entitled Employees Granted 3,610,000 320,000 2,030,000 1,260,000 Vested(11) 3,610,000 320,000 2,030,000 1,260,000 Outstanding 0 0 0 0 Notes (1) The ESOS and ESGP are offered to Eligible Employees. (2) The GMD is not a Director of KIBB. None of the Directors of KIBB is entitled to participate in the ESOS and the ESGP. (3) The offer to the GMD was granted on 31 May 2018 while the offer to Senior Management and Other Entitled Employees was granted on 2 January 2018 respectively. (4) ESOS forfeiture due to staff resignation. (5) The offer to Other Entitled Employees and Senior Management was granted on 2 May 2019, 17 June 2019, 1 July 2020 and 2 August 2021 respectively. (6) ESOS cancellation due to vesting conditions not fully met. (7) ESOS forfeiture in compliance with Section 92 of the FSA. (8) Adjustment made due to an employee’s appointment as the Chief Executive Officer of I-VCAP Management Sdn Bhd. Hence, the re-categorisation of the ESOS. (9) Reinstatement of the earlier forfeited ESOS in Note 7. (10) ESOS lapsed due to unexercised options within the three (3) years Exercisable Period. (11) PSP Grant vested and credited to employees’ CDS account.
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