NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 354 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 55. EQUITY COMPENSATION BENEFITS (CONT’D.) Kenanga Group’s Employees’ Share Scheme (cont’d.) (1) ESOS (cont’d.) The following table illustrates the number and weighted average exercise price (“WAEP”) of, and movement in, share options during the financial year (cont’d.): ESOS Third Offer (cont’d.) 2023 Offer date Opening Movement during the financial year Outstanding As at 1.1.2023 Granted Exercised Forfeited/ Cancelled As at 31.12.2023 02.05.2019 1,258,500 - 356,500 42,000 860,000 WAEP (RM) 0.605 - 0.605 0.605 0.605 2022 Offer date Opening Movement during the financial year Outstanding As at 1.1.2022 Granted Exercised Forfeited/ Cancelled As at 31.12.2022 02.05.2019 2,298,000 - 853,500 186,000 1,258,500 WAEP (RM) 0.605 - 0.605 0.605 0.605 ESOS Fourth Offer The offer was forfeited in 2021 due to resignation of staff. ESOS Fifth Offer 2023 Offer date Opening Movement during the financial year Outstanding As at 1.1.2023 Granted Exercised Forfeited/ Cancelled As at 31.12.2023 01.07.2020 1,845,500 - 325,000 224,000 1,296,500 WAEP (RM) 0.580 - 0.580 0.580 0.580 2022 Offer date Opening Movement during the financial year Outstanding As at 1.1.2022 Granted Exercised Forfeited/ Cancelled As at 31.12.2022 01.07.2020 2,579,500 - 429,500 304,500 1,845,500 WAEP (RM) 0.580 - 0.580 0.580 0.580
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