376 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.) 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 Sixth Offer 2025 Offer date Opening Movement during the financial year Outstanding As at 1.1.2025 Granted Exercised Forfeited/ Cancelled As at 31.12.2025 02.08.2021 1,607,000 - - 577,500 1,029,500 WAEP (RM) 1.370 - 1.370 1.370 1.370 2024 Offer date Opening Movement during the financial year Outstanding As at 1.1.2024 Granted Exercised Forfeited/ Cancelled As at 31.12.2024 02.08.2021 2,041,000 - 6,000 428,000 1,607,000 WAEP (RM) 1.370 - 1.370 1.370 1.370 The fair values of share options granted were estimated using the Binomial Option Pricing Model, taking into account the terms and conditions upon which the options are granted. The fair values of share options and the key inputs for the share options valuation are as follows: ESOS First Offer Tranches of vesting: First tranche Second tranche Third tranche Fourth tranche Fair value of share options (RM) 0.0856 0.0963 0.1047 0.1111 Share price at offer date (RM) 0.550 0.550 0.550 0.550 Exercise price (RM) 0.575 0.575 0.575 0.575 Expected volatility (%) 26.92% 26.92% 26.92% 26.92% Risk free rate (%) 3.688% 3.688% 3.688% 3.688% Expected dividend yield (%) 4.00% 4.00% 4.00% 4.00% The exercise period is 3 years from vesting date.
RkJQdWJsaXNoZXIy NDgzMzc=