156 KEYFIELD INTERNATIONAL BERHAD 202001038989 (1395310-M) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (cont’d) 16. EMPLOYEE SHARE OPTION RESERVE (CONT’D) The option prices and the details in the movement of the options granted are as follows:- Number of Options over Ordinary Shares Remaining Contractual Life of Options as at Granted Exercise end of Reporting At and At Grant Date Price Period 1.1.2024 Accepted Exercised 31.12.2024 2024 22 April 2024 RM0.90 4.33 Years - 26,620,000 (3,147,900) 23,472,100 For options exercised during the financial year, the weighted average share price at the date of exercise was RM2.39. The remaining number of options vested and exercisable as at 31 December 2024 was 845,100 and have an exercise price of RM0.90 and a weighted average remaining contractual life of 4.33 years. The fair values of the share options granted were estimated using a Trinomial Option Pricing Model (“TOPM”), taking into account the terms and conditions upon which the options were granted. Service and non-market conditions attached to the arrangements were not taken into account in measuring the grant date fair value. The inputs used in the measurement of the fair value at grant date were as follows:- Grant Date 22 April 2024 Fair value of share options at the grant date (RM) 0.6416 Weighted average ordinary share price (RM) 0.90 to 1.93 Exercise price of share option (RM) 0.90 Expected volatility (%) 53.61 to 119.23 Expected life (years) 5 Risk free rate (%) 3.6907 Expected dividend yield (%) nil
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