Yinson Annual Report 2021

182 YINSON HOLDINGS BERHAD SECTION 07 : ACCOUNTABILITY Employees' Share Scheme (continued) The number of unissued shares granted under the ESS during the financial year and the number of unissued shares outstanding at the end of the financial year are as follows: Number of options over unissued ordinary shares Outstanding as at 1.2.2020 Exercised Lapsed Outstanding as at 31.1.2021 Date of offer 23 December 2016 - first tranche 511,832 (476,831) (35,001) - - second tranche 569,032 (534,032) (35,000) - - third tranche 956,236 (921,137) (35,099) - 2,037,100 (1,932,000) (105,100) - Date of offer 30 March 2018 - first tranche 1,474,800 (1,126,500) (20,000) 328,300 - second tranche 1,877,500 (468,300) (25,000) 1,384,200 - third tranche 1,878,100 - (76,000) 1,802,100 5,230,400 (1,594,800) (121,000) 3,514,600 Date of offer 27 February 2019 - first tranche 2,943,900 (1,246,800) (43,300) 1,653,800 - second tranche 2,944,900 - (88,300) 2,856,600 - third tranche 2,946,200 - (88,400) 2,857,800 8,835,000 (1,246,800) (220,000) 7,368,200 Date of offer 22 January 2020 - first tranche 1,246,600 - (110,000) 1,136,600 - second tranche 1,246,700 - (110,000) 1,136,700 - third tranche 1,246,700 - (110,000) 1,136,700 3,740,000 - (330,000) 3,410,000 No person to whom the option for unissued share has been granted as disclosed above has any right to participate by virtue of the option in any share issue of any other company. Employees’ Long-term Incentive Plan On 26 June 2019, the Board of Directors of the Company approved an Employees’ Long-term Incentive Plan (“LTIP”). The LTIP is governed by the by-laws of the ESS approved by the shareholders on 3 November 2015. On 25 March 2020, the terms and conditions of the LTIP were finalised and approved by the Board of Directors. On 3 August 2020, the LTIP was granted to the eligible employees and executive director of the Group. The LTIP is administered by the Employees' Share Scheme Committee. DIRECTORS' REPORT (CONT’D)