GHL System Berhad Annual Report 2020

149 a n n u a l r e p o r t 2 0 2 0 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 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: Outstanding as at 1.1.2020 Number of options over ordinary shares Outstanding as at 31.12.2020 Exercisable as at 31.12.2020 Movements during the financial year Bonus issue Retracted* Exercised Forfeited* 2020 6 April 2018 - first tranche 665,000 - - (665,000) - - - - second tranche 2,567,000 40,000 - (2,487,000) - 120,000 120,000 - third tranche 7,530,000 473,000 - (6,584,000) - 1,419,000 1,419,000 10,762,000 513,000 - (9,736,000) - 1,539,000 1,539,000 Weighted average exercise price (RM) 1.08 0.72 1.08 1.08 1.08 0.72 0.72 Weighted average remaining contractual life (months) 4 - Outstanding as at 1.1.2019 Number of options over ordinary shares Movements during the financial year Outstanding as at 31.12.2019 Exercisable as at 31.12.2019 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 * Due to resignation.