374 KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2025 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 55. EQUITY COMPENSATION BENEFITS (CONT’D.) Kenanga Group’s Employees’ Share Scheme (“ESS”) (cont’d.) (1) ESOS (cont’d.) Details of share options granted under ESOS (cont’d.): Offer date Vesting date Number of options granted Exercise price (RM) Number of exercisable options Exercise period 02.08.2021 01.09.2021 308,000 1.370 - 01.09.2021-31.08.2024 02.08.2021 01.09.2022 1,281,000 1.370 - 01.09.2022-31.08.2025 02.08.2021 01.11.2023 1,281,000 1.370 463,500 01.11.2023-31.10.2026 02.08.2021 02.09.2024 1,708,000 1.370 566,000 02.09.2024-01.09.2027 * Unvested. 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 The offer was fully exercised and expired in 2024 as shown below. 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 ESOS Second Offer The offer was fully exercised and expired in 2024 as shown below. 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
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