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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
32. EXECUTIVES’ SHARE SCHEME (“ESS”) (continued)
The details of the options over ordinary shares of the Company are as follows (continued):
Number of options over ordinary shares of RM0.20 each
Outstanding
as at
1.1.2014
Movements during the financial year
Outstanding
as at
31.12.2014
Exercisable
as at
31.12.2014
Granted Bonus issue Exercised Forfeited
2014
3 September 2013
- first tranche
4,128,366
-
532,910 (2,895,210) (200,000) 1,566,066 1,566,066
- second tranche
6,266,667
-
680,148 (4,895,056) (410,134) 1,641,625 1,641,625
- third tranche
#
6,266,667
- 2,633,342 (433,234) (1,016,766) 7,450,009 900,100
16,661,700
- 3,846,400 (8,223,500) (1,626,900) 10,657,700 4,107,791
Weighted average
exercise prices (RM)
0.34
-
0.23
0.33
0.31
0.23
0.23
Weighted average
remaining contractual
life (months)
32
20
#
The ESS granted becomes exercisable with the approval from ESS committee.
Number of options over ordinary shares of RM0.20 each
Outstanding
as at
1.1.2014
Movements during the financial year
Outstanding
as at
31.12.2014
Exercisable
as at
31.12.2014
Granted Bonus issue Exercised Forfeited
2014
20 June 2014
#
- first tranche
- 1,333,333 666,668
-
- 2,000,001 2,000,001
- second tranche
- 1,333,333 666,668
-
- 2,000,001
-
- third tranche
- 1,333,334 666,664
-
- 1,999,998
-
- 4,000,000 2,000,000
-
- 6,000,000 2,000,001
Weighted average
exercise prices (RM)
-
0.86
0.57
-
-
0.57
0.57
Weighted average
remaining contractual
life (months)
-
30
#
The grant was made to eligible employees from the newly acquired subsidiaries.
During the financial year, the Group recognised share options granted under shares options scheme of
RM473,967 (2014: RM962,066) in profit or loss, out of which an amount of RM274,446 (2014: RM741,586) was
in respect of employees of subsidiaries. At Company level, the amount of RM274,446 (2014: RM741,586) was
recorded as an increase in investments in subsidiaries (Note 10) with a corresponding credit to equity.