179 ENRA GROUP BERHAD ANNUAL REPORT 2025 Notes To The Financial Statements (Cont’d) 31 March 2025 Registration No: 83 199201005296 (236800 - T) 27. EMPLOYEES’ SHARES SCHEME (“ESS”) The number of options over ordinary shares under the option scheme was as follows: (continued) ---------------- Number of options over ordinary shares --------------- Category of participants Balance as at 1.4.2024 Forfeited* Expired Balance as at 31.3.2025 Exercisable as at 31.3.2025 2nd Award of ESOS Directors 7,600,000 - - 7,600,000 7,600,000 Key Management Personnel^ and Employees 4,300,000 (1,000,000) - 3,300,000 3,300,000 11,900,000 (1,000,000) - 10,900,000 10,900,000 Exercise price RM0.80 Total Directors 11,100,000 - (3,500,000) 7,600,000 7,600,000 Key Management Personnel^ and Employees 6,300,000 (1,000,000) (2,000,000) 3,300,000 3,300,000 17,400,000 (1,000,000) (5,500,000) 10,900,000 10,900,000 ^ Other than Directors * Forfeited due to resignation The fair value of share options was estimated by the Group using the Black-Scholes-Merton option pricing model, taking into account the terms and conditions upon which the options were granted. The fair value of share option measured at grant date and the assumptions used are as follows: 2025 2024 Average share price at grant date (RM) 0.66 0.62 Exercise price (RM) 0.80 0.80 Fair value of share options (RM) 0.0300 0.0300 Risk free rate of interest (%) 3.49 3.49 Expected life of options (years) 3 3 Expected volatility (%) 15.46 15.46 28. RELATED PARTY DISCLOSURES (a) Identities of related parties Parties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group and the party are subject to common control or common significant influence. Related parties may be individuals or other entities.
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