Axiata Group Berhad - Annual Report 2016

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Axiata Group Berhad | Annual Report 2016 FINANCIAL STATEMENTS 118
DIRECTORS' INTERESTS
In accordance with the Register of Directors’ Shareholdings, the Directors who held office at the end of the financial year and have interest in shares and/or
options over shares in the Company are as follows:
Number of ordinary shares of RM1 each of the Company
As at
1.1.2016 Additions* Disposed
As at
31.12.2016
Indirect interest
Tan Sri Jamaludin Ibrahim 2,489,391 87,634 - 2,577,025 1
 Shares held under CIMSEC Nominees (Tempatan) Sdn Bhd for CIMB Commerce Trustee Berhad, a trustee of discretionary trust and the beneficiaries of
which are members of the family of Tan Sri Jamaludin Ibrahim subject to the terms of such discretionary trust.
* Additions during the financial year arose from:
a) Allotment of 61,339 shares pursuant to DRS on final dividend for the financial year ended 31 December 2015; and
b) Allotment of 26,295 shares pursuant to DRS on interim dividend for the financial year ended 31 December 2016.
Number of options/shares over ordinary shares of RM1 each of the Company
As at
1.1.2016 Granted Adjusted
Exercised/
Vested
As at
31.12.2016
Tan Sri Jamaludin Ibrahim2
- ESOS3 3,154,800 - - - 3,154,800
- RSA4 867,900 351,900 - - 1,219,800
- RSA : special grant - 158,400 - - 158,400
2 At the EGM held on 24 March 2009, the shareholders of the Company approved the grant of options to Tan Sri Jamaludin Ibrahim to subscribe up
to 5.5 million new ordinary shares of RM1 each in the Company to be issued under the Performance-Based ESOS for the Executive Directors and
eligible employees of the Group.
Further to the above, the shareholders of the Company had at the Nineteenth (19th) AGM held on 1 June 2011, approved the grant of entitlement,
allotment and issuance of the remaining 1,198,300 new Axiata Shares to Tan Sri Jamaludin Ibrahim, under the new Axiata Share Scheme as approved
at the said EGM.
Subsequently, the shareholders of the Company at the Twenty-first (21st) AGM held on 23 May 2013, approved the grant entitlements, allotment and
issuance of up to 3.6 million new Axiata Shares to Tan Sri Jamaludin Ibrahim under the Axiata Share Scheme.
3 3,154,800 (2015: 3,154,800) options of Axiata Shares pursuant to Performance-Based ESOS.
4 The number of Axiata RSP shares that may vest is 1,219,800 provided that the performance targets for vesting are met. If not met, the amount
could be nil or a portion of the amount. However, if the super stretched individual performance targets and Axiata Group meeting superior company
performance targets at the point of vesting are met, up to 6,757,000 Axiata Shares may be vested.
Other than as disclosed above, in accordance with the Register of Directors’ Shareholdings, none of the other Directors in office at the end of the financial
year have any direct or indirect interest in any shares and options over ordinary shares in the Company or its related corporations during the financial year.
DIRECTORS’ REPORT