18. RESERVES (CONT’D) (b) Employee Share Option Reserve (Cont’d) All options granted and accepted under the ESOS are to be settled through physical delivery of ordinary shares of the Company upon cash payment made by the director and/or employee for the exercise of share options. Upon the exercise of share options, the Company shall issue and allot the equivalent number of ordinary shares which rank pari passu in all respects with the existing ordinary shares of the Company as disclosed in Note 18(v). Their terms and conditions are as follows:- Grant Date / Employees Entitled Number of Options Vesting Conditions Contractual Life of Options Options granted to and accepted by eligible employees including directors of the Company and its subsidiaries on 22 April 2024 26,620,000 5 years from grant date 5 years No person to whom the share option has been granted above has any right to participate, by virtue of the option, in any share issue of any other company. The option prices and the details in the movement of the options granted are as follows:- Number of Options over Ordinary Shares Grant Date Exercise Price Remaining Contractual Life of Options At 1.1.2025 Granted Exercised At 31.12.2025 2025 22 April 2024 RM0.90 3.33 Years 23,472,100 - (4,729,800) 18,742,300 Number of Options over Ordinary Shares Grant Date Exercise Price Remaining Contractual Life of Options At 1.1.2024 Granted Exercised At 31.12.2024 2024 22 April 2024 RM0.90 4.33 Years - 26,620,000 (3,147,900) 23,472,100 195 Annual Report 2025
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