96 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 For the FY from 1 January 2022 to 31 December 2022 ESOS(1) Total GMD(2) Senior Management Other Entitled Employees Granted 0 0 0 0 Adjustment(12) 0 0 840,000 -840,000 Exercised 12,673,500 0 5,758,000 6,915,500 Forfeited(4) 956,500 0 0 956,500 Cancelled(6) 269,500 0 0 269,500 Lapsed(10) 39,500 0 0 39,500 Outstanding 16,710,000 7,000,000 1,222,000 8,488,000 ESOS(1) Total GMD(2) Senior Management Other Entitled Employees Granted 0 0 0 0 Adjustment 0 0 50,000 -50,000 Vested(11) 0 0 0 0 Outstanding 0 0 0 0 For the FY from 1 January 2023 to 31 December 2023 ESOS(1) Total GMD(2) Senior Management Other Entitled Employees Granted 0 0 0 0 Adjustment(12) 0 0 0 0 Exercised 1,791,500 1,000,000 0 791,500 Forfeited(4) 1,154,500 0 0 1,154,500 Cancelled(6) 118,500 0 0 118,500 Lapsed(10) 2,092,000 2,000,000 0 92,000 Outstanding 11,553,500 4,000,000 1,222,000 6,331,500.00 ESOS(1) Total GMD(2) Senior Management Other Entitled Employees Granted 0 0 0 0 Adjustment 0 0 0 0 Vested(11) 0 0 0 0 Outstanding 0 0 0 0 Notes (1) The Employee(s) of the KIBB Group who meet(s) the criteria of eligibility for participation in the Scheme as set out in By-Law 5. (2) The GMD is not a Director of KIBB. None of the Directors of KIBB is entitled to participate in the ESOS and the ESGP. (3) The offer to the GMD was granted on 31 May 2018 while the offer to Senior Management and Other Entitled Employees was granted on 2 January 2018 respectively. (4) ESOS forfeiture due to staff resignation. (5) The offer to Other Entitled Employees and Senior Management was granted on 2 May 2019, 17 June 2019, 1 July 2020 and 2 August 2021 respectively. (6) ESOS cancellation due to vesting conditions not fully met. (7) ESOS forfeiture in compliance with Section 92 of the Financial Services Act 2013. (8) Adjustment made due to an employee’s appointment as the Chief Executive Officer of Eq8 Capital Sdn Bhd (Formerly known as i-VCAP Management Sdn Bhd). Hence, the re-categorisation of the ESOS. (9) Reinstatement of the earlier cancelled ESOS in Note 7. (10) ESOS lapsed due to unexercised options within the three (3) years of the Exercisable Period. (11) PSP Grant vested and credited to employees’ CDS account. (12) Adjustment made due to an employee’s appointment as a Group EXCO Member of KIBB. Hence, the re-categorisation of the ESOS. CORPORATE GOVERNANCE OVERVIEW STATEMENT
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