Axiata Group Berhad - Annual Report 2016

FINANCIAL STATEMENTS

Axiata Group Berhad | Annual Report 2016

175

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: (continued)

Performance-Based ESOS

Exercise

price

At 1

January

2015

Exercised

Lapsed/

forfeited/

adjusted

At 31

December

2015

Fair

value at

grant date

Group

Grant 1(a), 2009

Tranche 1

1.81

1,016,600

(1,016,600)

0.54

Tranche 2

1.81

4,257,405

(1,825,450)

2,431,955

0.57

5,274,005

(2,842,050)

2,431,955

Grant 1(b), 2010

Tranche 1

3.15

80,400

(26,050)

54,350

0.93

Tranche 2

3.15

209,500

(63,850)

145,650

0.98

289,900

(89,900)

200,000

Grant 2, 2010

Tranche 1

3.45

3,612,282

(738,050)

2,874,232

1.09

Tranche 2

3.45

5,406,366

(1,535,550)

3,870,816

1.15

9,018,648

(2,273,600)

6,745,048

Grant 3(a), 2011

Tranche 1

5.07

9,711,290

(2,347,050)

7,364,240

1.05

Tranche 2

5.07

11,596,850

(3,472,850)

8,124,000

1.10

21,308,140

(5,819,900)

15,488,240

Grand total

35,890,693 (11,025,450)

24,865,243

The related weighted average share price at the time of exercise was RM3.88 (2014: RM4.48).