KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 115 114 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 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 0 0 0 0 Exercised 1,791,500 1,000,000 0 791,500 Forfeited 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 For the FY from 1 January 2024 to 31 December 2024 ESOS(1) Total GMD(2) Senior Management Other Entitled Employees Granted 0 0 0 0 Adjustment 0 0 0 0 Exercised(13) 4,855,000 1,000,000 732,000 3,123,000 Forfeited 230,000 0 0 230,000 Cancelled(6) 52,000 0 0 52,000 Lapsed(10) 3,502,500 3,000,000 0 502,500 Outstanding 2,914,000 0 0 2,914,000 CORPORATE GOVERNANCE OVERVIEW STATEMENT CORPORATE GOVERNANCE OVERVIEW STATEMENT Maximum Allowable Allocation of the Scheme The aggregate maximum number of KIBB shares that may be offered to an Eligible Person under the Scheme shall be determined at the sole and absolute discretion of the ESS Committee after taking into consideration, amongst others, the provisions of the By-Laws of the ESS, MMLR of Bursa Securities or other applicable regulatory requirements prevailing during the option period relating to employees’ and/ or Directors’ share issuance schemes, as well as, the performance, targets, position, annual appraised performance, seniority and length of service of the Eligible Person or such other matters which the ESSC may in its sole and absolute discretion deem fit and subject to the following: Aggregate maximum number of KIBB shares which may be made available under the Scheme shall not in aggregate exceed 10% of the issued share capital of the Company (excluding treasury shares) (“ESS Shares”) at any point in time during the duration of the Scheme (“Maximum ESS Shares”). Not more than 10% of the aggregate number of KIBB shares to be issued under the Scheme shall be allocated to any individual Eligible Person who, either singly or collectively through persons connected with the Eligible Person, holds 20% or more of the issued share capital of KIBB (excluding treasury shares, if any). The ESS granted to the GMD and Senior Management during the Financial Year Ended 31 December 2024 and since the commencement of the ESS up to 31 December 2024 is tabulated below. Description 1 January 2024 to 31 December 2024 Since Commencement Up to 31 December 2024 Percentage of the Aggregate Maximum Allocation over the Maximum ESS Shares 0% 33.16% Actual Percentage of the ESOS Granted over the Maximum ESS Shares 0% 29.90% Actual Percentage of the ESGP Vested over the Maximum ESS Shares 0% 3.26% In respect of FY 2024, there was no allocation of the shares under the ESS made to the Eligible Employees and hence, no review was conducted. TAN SRI DATO’ SERI SYED ANWAR JAMALULLAIL Chairman of the Board 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 forfeited 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. (13) In 2024, a total of sixty-four (64) Eligible Employees had exercised their ESOS, i.e. GMD (21%), four (4) Senior Management personnel (15%) and fifty-nine (59) under Other Entitled Employees (64%).
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