350 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 Additional Information We Are Kenanga Message From Our Leaders Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information 54. EQUITY COMPENSATION BENEFITS (CONT’D.) Kenanga’s Group Employees’ Share Scheme (“ESS”) (cont’d.) (1) ESOS (cont’d.) ESOS Second Offer Tranches of vesting: First tranche Second tranche Third tranche Fair value of share options (RM) 0.1030 0.1140 0.1220 Share price at offer date (RM) 0.595 0.595 0.595 Exercise price (RM) 0.630 0.630 0.630 Expected volatility (%) 28.07% 28.07% 28.07% Risk free rate (%) 3.883% 3.883% 3.883% Expected dividend yield (%) 4.00% 4.00% 4.00% The exercise period is 3 years from vesting date. ESOS Third Offer Tranches of vesting: First tranche Second tranche Third tranche Fourth tranche Fair value of share options (RM) 0.1103 0.1251 0.1404 0.1535 Share price at offer date (RM) 0.580 0.580 0.580 0.580 Exercise price (RM) 0.605 0.605 0.605 0.605 Expected volatility (%) 28.10% 28.10% 28.10% 28.10% Risk free rate (%) 3.610% 3.610% 3.610% 3.610% Expected dividend yield (%) 1.80% 1.80% 1.80% 1.80% The exercise period is 3 years from vesting date. ESOS Fourth Offer Tranches of vesting: First tranche Second tranche Third tranche Fair value of share options (RM) 0.1188 0.1338 0.1467 Share price at offer date (RM) 0.570 0.570 0.570 Exercise price (RM) 0.595 0.595 0.595 Expected volatility (%) 27.90% 27.90% 27.90% Risk free rate (%) 3.460% 3.460% 3.460% Expected dividend yield (%) 1.80% 1.80% 1.80% The exercise period is 3 years from vesting date.
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