axiata group berhad | annual report 2015
183
14. EMPLOYEE SHARE OPTION AND SHARE SCHEME (CONTINUED)
(a) Performance-Based Employee Share Option Scheme and Restricted Share Plan [“Axiata Share Scheme”] (continued)
The amounts recognised in the financial statements as disclosed in Note 7(c) and 7(d) to the financial statements for all employees (including
Directors) arising from the Performance-Based ESOS and RSA are summarised as below:
Group
Company
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
Equity settlement arrangement:
- Options and RSA granted to employees under the Scheme
53,508
91,610
6,304
21,980
(b) Share-based compensation plan of XL
In April 2010, the Nomination and Remuneration Committee of XL approved a share-based compensation plan for certain employees under which
XL’s shares are to be given as a compensation for services provided by the employees with no cash consideration. Members of the Board of
Directors and certain employees of XL who have been employed during the performance year and met certain criteria are eligible to participate in
the program.
Under the program, on each end of fourth (4
th
) month subsequent to completion of the performance year, XL issues shares to the eligible employees
upon XL achieving specific performance target and the employees satisfying certain performance conditions and remain in the employment at
the share issuance date. Shares issued by XL vest in two (2) equal proportions and will become employees’ rights if the employees remain in
employment for two (2) years and three (3) years as of respective share issuance date.
The program was approved in the EGM of Shareholders on 14 April 2011. The execution of the program covers performance year 2011 up to 2015
with grant cycles divided into six (6) periods.
Total share-based compensation expense recognised in the consolidated profit or loss for the financial year ended 31 December 2015 was RM9.8
million (2014: RM8.9 million) as disclosed in Note 7(c) to the financial statements.
(c) Pioneer Grant of edotco Group
On 8 December 2014, edotco Group approved edotco Pioneer Grant to the eligible employees of edotco Group, its subsidiary and national tower
companies which are currently held by the Group in Bangladesh, Cambodia, Sri Lanka and Pakistan. The plan is to motivate the employees to
drive value creation for edotco Group.
On 31 March 2015, edotco issued grant letters to eligible employees. The movement in the number of shares over the new ordinary shares of RM1
each of edotco Group, in which the employees are entitled to are as follows:
At
At
1 January
Lapsed/ 31 December
Group
2015
Granted
forfeited
2015
Pioneer Grant
-
14,037,400
(853,700)
13,183,700
The total share-based compensation expense recognised in the consolidated profit or loss for the financial year ended 31 December 2015 was
RM11.7 million (2014: Nil).
