KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED SHAREHOLDERS’ INFORMATION NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 FINANCIAL STATEMENTS ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 361 360 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: ESOS First Offer 2024 Offer date Opening Movement during the financial year Outstanding As at 1.1.2024 Granted Exercised Forfeited/ Cancelled As at 31.12.2024 02.01.2018 3,356,000 - 3,116,000 240,000 - WAEP (RM) 0.575 - 0.575 0.575 0.575 2023 Offer date Opening Movement during the financial year Outstanding As at 1.1.2023 Granted Exercised Forfeited/ Cancelled As at 31.12.2023 02.01.2018 3,603,500 - 110,000 137,500 3,356,000 WAEP (RM) 0.575 - 0.575 0.575 0.575 ESOS Second Offer 2024 Offer date Opening Movement during the financial year Outstanding As at 1.1.2024 Granted Exercised Forfeited/ Cancelled As at 31.12.2024 31.05.2018 4,000,000 - 1,000,000 3,000,000 - WAEP (RM) 0.630 - 0.630 0.630 0.630 2023 Offer date Opening Movement during the financial year Outstanding As at 1.1.2023 Granted Exercised Forfeited/ Cancelled As at 31.12.2023 31.05.2018 7,000,000 - 1,000,000 2,000,000 4,000,000 WAEP (RM) 0.630 - 0.630 0.630 0.630 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 2024 Offer date Opening Movement during the financial year Outstanding As at 1.1.2024 Granted Exercised Forfeited/ Cancelled As at 31.12.2024 02.05.2019 860,000 - 148,500 34,500 677,000 WAEP (RM) 0.605 - 0.605 0.605 0.605 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 ESOS Fourth Offer The offer was forfeited in 2021 due to resignation of staff. ESOS Fifth Offer 2024 Offer date Opening Movement during the financial year Outstanding As at 1.1.2024 Granted Exercised Forfeited/ Cancelled As at 31.12.2024 01.07.2020 1,296,500 - 584,500 82,000 630,000 WAEP (RM) 0.580 - 0.580 0.580 0.580 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
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