DESTINI Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS 24. Employees Share Option Scheme (“ESOS”) (Cont’d) (iv) The Scheme shall be in force for a period of five (5) year commencing from the effective date. The Scheme may be extended by the Board of Director at its absolute discretion, without having to obtain approval from the Company’s shareholders, for a further period of up to five (5) years immediately from the expiry of the first five (5) years but will not in aggregate exceed ten (10) years. (v) The ESOS option is personal to the grantee and is non-assignable and non-transferable. (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. 25. Finance Lease Liabilities Group Company 2019 2018 2019 2018 RM RM RM RM Minimum finance lease payments: Within one year - 1,007,457 - - Between one to five years - 1,539,165 - - More than five years - 123,152 - - - 2,669,774 - - Less : Future finance charges - (222,258) - - Present value of finance lease liabilities - 2,447,516 - - Present value of finance lease liabilities: Within one year - 920,463 - - Between one to five years - 1,409,900 - - More than five years - 117,153 - - - 2,447,516 - - Analysed as: Repayable within twelve months - 920,463 - - Repayable after twelve months - 1,527,053 - - - 2,447,516 - - The finance lease liabilities interests were charged at rates ranging from 2.58% to 4.80% per annum in prior financial year. 06 FINANCIAL STATEMENTS DESTINI BERHAD 162