GHL System Berhad Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 149 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 23. SHARE CAPITAL (cont’d) (d) Executive Share Scheme (“ESS”) (cont’d) The details of the options over ordinary shares of the Company are as follows: Number of options over ordinary shares Outstanding as at 1.1.2019 Outstanding as at 31.12.2019 Exercisable as at 31.12.2019 Movements during the financial year Granted Retracted* Exercised Forfeited* 2019 6 April 2018 - first tranche 1,160,000 - - (495,000) - 665,000 665,000 - second tranche 3,825,000 - - (1,243,000) (15,000) 2,567,000 2,567,000 - third tranche 7,650,000 - (120,000) - - 7,530,000 - 12,635,000 - (120,000) (1,738,000) (15,000) 10,762,000 3,232,000 Weighted average exercise price (RM) 1.08 1.08 1.08 1.08 1.08 1.08 1.08 Weighted average remaining contractual life (months) 16 4 Number of options over ordinary shares Outstanding as at 1.1.2018 Outstanding as at 31.12.2018 Exercisable as at 31.12.2018 Movements during the financial year Granted Retracted* Exercised Forfeited* 2018 6 April 2018 - first tranche - 1,290,000 - (125,000) (5,000) 1,160,000 1,160,000 - second tranche - 3,870,000 (45,000) - - 3,825,000 - - third tranche - 7,740,000 (90,000) - - 7,650,000 - - 12,900,000 (135,000) (125,000) (5,000) 12,635,000 1,160,000 Weighted average exercise price (RM) - 1.08 1.08 1.08 1.08 1.08 1.08 Weighted average remaining contractual life (months) - 16 * Due to resignation.