151 INTEGRATED ANNUAL REPORT 2025 ACCOUNTABILITY | DIRECTORS’ REPORT EMPLOYEES’ SHARE SCHEME (CONTINUED) The aggregate maximum number of options granted to the Directors and Senior Management shall not be more than 80% of the Scheme Shares available under the ESS. Since the commencement of the ESS to the financial year ended 31 January 2025, 4.5% of Scheme Shares available under the ESS were allotted to the Directors and Senior Management of the Company. The salient features and other terms of the ESS are disclosed in Note 30(a) to the financial statements. The number of unissued shares granted under the ESS during the financial year and the number of unissued shares outstanding at the end of the financial year are as follows: Number of options over unissued ordinary shares Outstanding as at 1.2.2024 Exercised Lapsed Outstanding as at 31.1.2025 Date of offer 28 September 2021 - First tranche 2,729,404 (304,300) (132) 2,424,972 - Second tranche 2,960,804 (295,300) (132) 2,665,372 - Third tranche 3,053,704 (181,700) (35,032) 2,836,972 8,743,912 (781,300) (35,296) 7,927,316 No person to whom the option for unissued share has been granted as disclosed above has any right to participate by virtue of the option in any share issue of any other company. On 20 November 2023 and 20 September 2024, the Nominating and Remuneration Committee (‘’NRC”) of the Company approved the allocation and award of the 2023 Restricted Share Units (“2023 RSU Award”) and 2024 Restricted Share Units (“2024 RSU Award”), respectively. The 2023 RSU Award and the 2024 RSU Award are governed by the By-Laws of the Employees’ Share Scheme 2023 (“ESS2023”) approved by the shareholders on 13 July 2023. Under the 2023 RSU Award and the 2024 RSU Award, either performance bonuses in cash or ordinary shares in the Company (“Yinson Shares”) are awarded to the eligible employees and Executive Directors of the Group. The 2023 RSU Award and the 2024 RSU Award were granted on 1 December 2023 and 1 October 2024, respectively, to the Executive Directors, Senior Management, and other eligible employees of the Group. The movement of RSUs for the financial year ended 31 January 2025 was as follows: 2023 RSU Award At start of the financial year Settled At end of the financial year Executive Directors and Senior Management 6,528,771 (388,408) 6,140,363 Other eligible employees 2,604,032 - 2,604,032 9,132,803 (388,408) 8,744,395 2024 RSU Award At start of the financial year Granted Lapsed At end of the financial year Executive Directors and Senior Management - 2,829,635 - 2,829,635 Other eligible employees - 2,571,624 (16,876) 2,554,748 - 5,401,259 (16,876) 5,384,383
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