NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 357 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 55. EQUITY COMPENSATION BENEFITS (CONT’D.) Kenanga Group’s Employees’ Share Scheme (cont’d.) (1) ESOS (cont’d.) ESOS Fourth Offer Tranches of vesting: First tranche Second tranche Third tranche Fair value of share options (RM) 0.1188 0.1338 0.1467 Share price at offer date (RM) 0.570 0.570 0.570 Exercise price (RM) 0.595 0.595 0.595 Expected volatility (%) 27.90% 27.90% 27.90% Risk free rate (%) 3.460% 3.460% 3.460% Expected dividend yield (%) 1.80% 1.80% 1.80% The exercise period is 3 years from vesting date. ESOS Fifth Offer Tranches of vesting: First tranche Second tranche Third tranche Fourth tranche Fair value of share options (RM) 0.0981 0.102 0.1046 0.1038 Share price at offer date (RM) 0.550 0.550 0.550 0.550 Exercise price (RM) 0.580 0.580 0.580 0.580 Expected volatility (%) 29.450% 29.450% 29.450% 29.450% Risk free rate (%) 2.480% 2.480% 2.480% 2.480% Expected dividend yield (%) 7.220% 7.220% 7.220% 7.220% The exercise period is 3 years from vesting date.
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