ISSUE OF SHARES AND DEBENTURES During the financial year, the Company issued 948,000 new ordinary shares of RM5.79 per ordinary shares pursuant to the exercise of vested EOS units. Upon completion of the above, the issued and fully paid number of shares of the Company increased from 8,806,043,463 to 8,806,991,463 as at 31 December 2023. There were no other changes in the issued and paid-up capital of the Company, and no other debenture were issued during the financial year. OPTIONS GRANTED OVER UNISSUED SHARES No options were granted to any person to take up unissued shares of the Company during the financial year apart from the issue of share options pursuant to the following scheme: EOS At an extraordinary general meeting held on 15 June 2015, the Company’s shareholders approved the establishment of the EOS for granting of non-transferrable options to eligible employees of the Group any time during the existence of the scheme. The salient features and the other terms of the EOS are, inter alia, as follows: (i) Eligible employees are executive directors and selected senior management employed by the Group who has been selected by the Board at its discretion, if as at the offer date, the employee: − has attained the age of 18 years; − is in the full time employment and payroll of the Group including contract employees or in the case of a director, is on the board of directors of the Group; and − falls within such other categories and criteria that the Board may from time to time at its absolute discretion determine. (ii) The aggregate number of shares to be issued under the EOS shall not exceed 2% of the issued and paid-up ordinary share capital (excluding treasury shares) of the Company. (iii) The EOS shall be in force for a period of 10 years from 22 June 2015. (iv) The EOS options granted in each year will vest in the participants over a three-year period, in equal proportion (or substantially equal proportion) each year. (v) The exercise price for the EOS option granted shall be determined by the Board which shall be based on the 5-day weighted average market price of the underlying shares a day immediately preceding the date of offer with a discount of not more than 10% or such other percentage of discount as may be permitted by Bursa Securities or any other relevant regulatory from time to time (subject to the Board’s discretion to grant the discount). (vi) Each EOS option gives a conditional right to the participant to receive 1 Share, upon exercise of the option and subject to the payment of the exercise price. (vii) The EOS options are granted if objective performance targets or such other objective conditions of exercise that the Board may determine from time to time on a yearly basis and which are met. (viii) The total number of EOS options which may be allocated to a participant who either singly or collectively with persons connected with him owns 20% or more of the issued and paid-up capital of the Company shall not exceed in aggregate 10% of the total number of Shares to be issued under the EOS. (ix) Options granted but not yet vested and any unexercised options shall lapse with immediate effect and cease to be exercisable if the participant is no longer in employment with the Group, by way of termination, disqualification or resignation or in the case of a director, cease or disqualified to be a Director of the Group or the participant becomes a bankrupt, unless the Board determines otherwise. The options granted during the financial year is disclosed in note 21 to the financial statements. Annual Report 2023 129
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