17. SHARE CAPITAL AND RESERVES (continued) (f) Share option reserve (continued) Employees9 share option scheme (<ESOS=) (continued) On 17 February 2021, the Company offered 10,000,000 options at an exercise price of RM0.12 each to its eligible employees under the ESOS (<ESOS 1=). In the previous financial year, 450,000 new ordinary shares were issued pursuant to the exercise of this ESOS and 4,165,000 options had expired. On 10 March 2022, the Company offered another 12,000,000 options at an exercise price of RM0.10 each to its eligible employees under the ESOS (<ESOS 2=). During the current financial year, 2,780,000 (2023: 8,320,000) new ordinary shares were issued pursuant to the exercise of this ESOS. Additionally, 50,000 (2023: 200,000) options had lapsed due to an employee9s resignation and 500,000 options had expired on 9 March 2024. In accordance with the ESOS, holders of vested ESOS options are entitled to purchase the Company9s shares at the exercise price at the date of grant. The terms and conditions related to the grants of the share option programme are as follows: Exercise Number Contractual price of options Vesting life of Group RM Grant date 9000 conditions option ESOS 1 0.12 17 February 2021 10,000 None 2 years ESOS 2 0.10 10 March 2022 12,000 None 2 years The details of the number of share options are as follows: As at 1.9.2023 Exercised Lapsed/ Expired Outstanding and Exercisable as at 31.8.2024 9000 9000 9000 9000 ESOS 2 3,330 (2,780) (550) - As at 1.9.2022 Exercised Lapsed/ Expired Outstanding and Exercisable as at 31.8.2023 9000 9000 9000 9000 ESOS 1 4,615 (450) (4,165) - ESOS 2 11,850 (8,320) (200) 3,330 16,465 (8,770) (4,365) 3,330 ANNUAL REPORT 2024 HOLDINGS BERHAD Financial Statements (continued) 126
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