axiata group berhad | annual report 2015
164
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
14. EMPLOYEE SHARE OPTION AND SHARE SCHEME
(a) Performance-Based Employee Share Option Scheme and Restricted Share Plan [“Axiata Share Scheme”]
The Performance-Based Employee Share Option Scheme (“ESOS”) of the Company was approved by its shareholders at an Extraordinary
General Meeting (“EGM”) held on 24 March 2009 and implemented on 16 April 2009.
On 1 June 2011, the Company’s shareholders had, at the Nineteenth (19
th
) AGM of the Company, approved the amendments to the Bye-Laws of
the ESOS to include a RSP. Accordingly, the existing Performance-Based ESOS was renamed as Axiata Share Scheme.
Effective from 15 July 2011, the Company implemented the Axiata Share Scheme and started to offer eligible employees the entitlement to
receive Restricted Share Awards (“RSA”) under the Restricted Share Plan in the Company on 18 July 2011 instead of ESOS.
The total number of the Performance-Based ESOS granted percentage exercisable and the vesting period is as follows:
Options over the Company’s shares
Number of
Exercise
% of options
options
price
ESOS
Grant date
Vesting date exercisable
1
granted
RM
Grant 1(a), 2009
Tranche 1
16 April 2009
15 April 2011
50
34,555,750
1.81
Tranche 2
16 April 2009
15 April 2012
50
34,555,750
1.81
Grant 1(b), 2010
2
Tranche 1
18 January 2010
17 January 2012
50
2,088,050
3.15
Tranche 2
18 January 2010
17 January 2013
50
2,088,050
3.15
Grant 2, 2010
Tranche 1
24 February 2010
23 February 2012
50
24,688,750
3.45
Tranche 2
24 February 2010
23 February 2013
50
24,688,750
3.45
Grant 3(a), 2011
Tranche 1
23 February 2011
22 February 2013
50
32,121,450
5.07
Tranche 2
23 February 2011
22 February 2014
50
32,121,450
5.07
1
The Performance-Based ESOS/RSA granted shall become exercisable/vested only upon the fulfilment of certain performance criteria for
the Company and individuals.
2
The grant was made to newly hired employees who did not receive the main cycle grants and have been confirmed as at reporting date.
