axiata group berhad | annual report 2015
166
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
14. EMPLOYEE SHARE OPTION AND SHARE SCHEME (CONTINUED)
(a) Performance-Based Employee Share Option Scheme and Restricted Share Plan [“Axiata Share Scheme”] (continued)
The total number of RSA granted, percentage of shares to be vested and the vesting period is as follows: (continued)
Entitlement over the Company’s shares
Number of
Reference
% of shares
shares
price
5
RSA
Reference date
Vesting date
to be vested
1
granted
3
RM
Grant 6(a), 2014
Tranche 1
15 Feb 2014
15 Feb 2016
50
6,790,450
6.55
Tranche 2
15 Feb 2014
15 Feb 2017
50 - 100
10,466,650
6.55
Grant 6(b), 2014
4
Tranche 1
15 Aug 2014
15 Aug 2016
50
121,950
6.95
Tranche 2
15 Aug 2014
15 Aug 2017
50 - 100
406,650
6.95
Grant 7(a), 2015
6
15 Feb 2015
15 Feb 2018
100
3,617,000
7.11
Grant 7(b), 2015
4&6
15 Aug 2015
15 Aug 2018
100
317,000
5.92
3
Senior and top management can only vest the RSA at the end of the third (3
rd
) year or contract period whichever is earlier. Number
of shares originally granted are excluding the multiplier effects to be offered to management upon fulfilment of certain performance
conditions on the day of vesting.
4
The grant was made to newly hired employees who did not receive the main cycle grant and have been confirmed as at reporting dates.
5
Refers to the price at reference date for the purpose of granting the number of shares to the employees.
6
Effective from financial year 2015, general employees of the Group were awarded a new cash based long term incentive plan instead of
Axiata Share Scheme as disclosed in Note 21(c) to the financial statements.
