DESTINI AR 2017

23. Employees Share Option Scheme (“ESOS”) (Cont’d) (v) The ESOS option is personal to the grantee and is non-assignable and nontransferable. (vi) The Shares to be issued and allotted to a grantee pursuant to the exercise of an ESOS option under the Scheme will not be subject to any retention period or restriction on transfer except that a Non-Executive Director shall not sell, transfer or assign the Shares obtained through the exercise of the ESOS option within one (1) year from the grant date. (vii) An option price shall not be at a discount of more than 10% (or such discount as the relevant authorities shall permit) from the 5-day weighted average market price of the shares of the Company preceding the date on which the ESOS option is granted and shall in no event be less than the par value of the shares of the Company of RM0.10. (viii) An option holder may, in a particular year, exercise up to such maximum number of shares in the option certificate or as determined by the Board of Director. (ix) The option granted to eligible executives will lapse when they are no longer in employment of the Group. 24. Finance Lease Liabilities Group Company 2017 2016 2017 2016 RM RM RM RM Minimum finance lease payments: Within one year 870,965 782,496 11,034 14,712 Between one to five years 1,615,821 2,015,523 - 11,034 More than five years 218,485 158,004 - - 2,705,271 2,956,023 11,034 25,746 Less : Future finance charges (240,421) (281,539) (334) (1,713) Present value of finance lease liabilities 2,464,850 2,674,484 10,700 24,033 Present value of finance lease liabilities: Within one year 767,010 652,565 10,700 13,333 Between one to five years 1,546,600 1,872,065 - 10,700 More than five years 151,240 149,854 - - 2,464,850 2,674,484 10,700 24,033 Analysed as: Repayable within twelve months 767,010 652,565 10,700 13,333 Repayable after twelve months 1,697,840 2,021,919 - 10,700 2,464,850 2,674,484 10,700 24,033 The finance lease liabilities interests are charged at rates ranging from 2.28% to 4.70% (2016: 2.28% to 4.09%) per annum. The Group leases plant and machineries under finance lease (Note 4). At the end of the lease term, the Group has the option to acquire the assets at a nominal price deemed to be a bargain purchase option. There are no restrictive covenants imposed by the lease agreement and no arrangements have been entered into for contingent rental payments. 145 DESTINI BERHAD Annual Report 2017