GHL System Berhad Annual Report 2018

a n n u a l r e p o r t 2 0 1 8 127 NOT ES TO THE F I NANC I A L STAT EMENTS 3 1 D e c e m b e r 2 0 1 8 C O N T ’ D 23. SHARE CAPITAL (cont’d) The details of share options outstanding at the end of the reporting period are as follows: Weighted average exercise price Exercise period 2018 2017 RM RM Offer date 20 June 2014 - first tranche - 0.57 20.6.2014 - 19.6.2017 - second tranche - 0.57 2.1.2016 - 19.6.2017 - third tranche - 0.57 2.1.2017 - 19.6.2017 8 September 2015 - first tranche - 0.86 8.9.2015 - 2.9.2018 - second tranche - 0.86 8.9.2016 - 2.9.2018 - third tranche - 0.86 6.8.2017 - 2.9.2018 6 April 2018 - first tranche 1.08 - 6.4.2018 - 5.4.2020 - second tranche 1.08 - 6.4.2019 - 5.4.2020 - third tranche 1.08 - 6.4.2020 - 5.4.2020 Share options exercised during the financial year resulted in the issuance of 125,000 (2017: 4,720,000) ordinary shares at an average price of RM1.52 (2017: RM0.683) each. The related weighted average ordinary share price at the date of exercise was RM1.08 (2017: RM1.00).