Axiata Group Berhad - Annual Report 2016

Axiata Group Berhad | Annual Report 2016

FINANCIAL STATEMENTS

174

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016

14. EMPLOYEE SHARE OPTION AND SHARE SCHEME (CONTINUED)

(a) Performance-Based Employee Share Option Scheme and Restricted Share Plan [“Axiata Share Scheme”] (continued)

The movement during the financial year and its comparative in the number of options over the new ordinary shares of RM1 each of the

Company, in which the employees of the Group and the Company are entitled to, is as follows:

Performance-Based ESOS

Exercise

price

At 1

January

2016

Exercised

Lapsed/

forfeited/

adjusted*

At 31

December

2016

Fair

value at

grant date

Group

Grant 1(a), 2009

Tranche 1

1.81

(113,950)

1,072,211

958,261

0.54

Tranche 2

1.81

2,431,955

(411,200)

288,158

2,308,913

0.57

2,431,955

(525,150)

1,360,369

3,267,174

Grant 1(b), 2010

Tranche 1

3.15

54,350

(100)

(50,750)

3,500

0.93

Tranche 2

3.15

145,650

(11,600)

(29,350)

104,700

0.98

200,000

(11,700)

(80,100)

108,200

Grant 2, 2010

Tranche 1

3.45

2,874,232

(276,650)

(26,232)

2,571,350

1.09

Tranche 2

3.45

3,870,816

(536,100)

245,422

3,580,138

1.15

6,745,048

(812,750)

219,190

6,151,488

Grant 3(a), 2011

Tranche 1

5.07

7,364,240

(611,400)

(727,040)

6,025,800

1.05

Tranche 2

5.07

8,124,000

(707,300)

475,300

7,892,000

1.10

15,488,240 (1,318,700)

(251,740)

13,917,800

Grand total

24,865,243 (2,668,300)

1,247,719 23,444,662

* Refer to adjustments related to grant, vesting, lapse and forfeited for the previous financial years.

The related weighted average share price at the time of exercise was RM3.93 (2015: RM3.88).