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FINANCIAL STATEMENTS
Axiata Group Berhad | Annual Report 2016
185
14. EMPLOYEE SHARE OPTION AND SHARE SCHEME (CONTINUED)
(a) Performance-Based Employee Share Option Scheme and Restricted Share Plan [“Axiata Share Scheme”] (continued)
The fair value of the Performance-based ESOS granted in which MFRS 2 applies, were determined using the Black-Scholes valuation model.
The significant inputs in the model are as follows:
Options over the Company's shares
Grant 1(a)
Grant 1(b)
Grant 2
Grant 3(a)
Exercise price
RM1.81
RM3.15
RM3.45
RM5.07
Option expected term:
- Tranche 1
5.0 years
4.5 years
4.5 years
4.0 years
- Tranche 2
5.5 years
5.0 years
5.0 years
4.5 years
Weighted average share price at grant date
RM1.81
RM3.15
RM3.45
RM5.07
Expected dividend yield
1%
1%
1%
2%
Risk free interest rates
(Yield of Malaysian Government securities)
3.0% - 3.7% 3.0% - 3.7% 3.0% - 3.9% 3.3% - 3.6%
Expected volatility
31.3%
8
31.1%
8
34.4%
24.7%
8
The expected volatility rate of the Company’s options was derived after considering the pattern and level of historical volatility of
entities in the same industry since the Company did not have sufficient information on historical volatility as it was only listed on the
Bursa Securities on 28 April 2008.