146 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 CONT’D 23. SHARE CAPITAL (Cont’d) (c) Executive Share Scheme (“ESS”) (Cont’d) The details of the options over ordinary shares of the Company are as follows: (Cont’d) Outstanding as at 1.1.2020 Number of options over ordinary shares Outstanding as at 31.12.2020 Exercisable as at 31.12.2020 Movements during the financial year Bonus issue Retracted* Exercised Forfeited* 2020 6 April 2018 - first tranche 665,000 - - (665,000) - - - - second tranche 2,567,000 40,000 - (2,487,000) - 120,000 120,000 - third tranche 7,530,000 473,000 - (6,584,000) - 1,419,000 1,419,000 10,762,000 513,000 - (9,736,000) - 1,539,000 1,539,000 Weighted average exercise price (RM) 1.08 0.72 1.08 1.08 1.08 0.72 0.72 Weighted average remaining contractual life (months) 4 - * Due to resignation. The details of share options outstanding at the end of the reporting period are as follows: Weighted average exercise price 2021 2020 Offer date RM RM Exercise period 6 April 2018 - first tranche 0.72 0.72 6.4.2018 - 5.4.2021 - second tranche 0.72 0.72 6.4.2019 - 5.4.2021 - third tranche 0.72 0.72 6.4.2020 - 5.4.2021 Share options exercised during the previous financial year resulted in the issuance of 1,730,000 ordinary shares at an average price of RM1.38 each. The related weighted average ordinary share price at the date of exercise was RM1.08.
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