17. SHARE CAPITAL AND RESERVES (continued) (f) Share option reserve (continued) Employees’ 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”). During the current financial year, 450,000 (2022: 260,000) new ordinary shares were issued pursuant to the exercise of this ESOS and 4,165,000 (2022: 50,000) options had lapsed. 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, 8,320,000 (2022: 150,000) new ordinary shares were issued pursuant to the exercise of this ESOS and 200,000 (2022: Nil) options had lapsed. In accordance with the ESOS, holders of vested ESOS options are entitled to purchase the Company’s 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: Number Contractual of options Vesting life of Group Grant date (’000) conditions option ESOS 1 17 February 2021 10,000 None 2 years ESOS 2 10 March 2022 12,000 None 2 years The number and weighted average exercise prices of share options are as follows: 2023 2022 Exercise Number Exercise Number Group price of options price of options RM ’000 RM ’000 Outstanding at 1 September 2022/2021 ESOS 1 0.12 4,615 0.12 4,925 ESOS 2 0.10 11,850 - - Granted during the financial year - - 0.10 12,000 Exercised: ESOS 1 0.12 (450) 0.12 (260) ESOS 2 0.10 (8,320) 0.10 (150) Lapsed: ESOS 1 0.12 (4,165) 0.12 (50) ESOS 2 0.10 (200) 0.10 - Outstanding and exercisable at 31 August 3,330 16,465 ESOS 1 0.12 - 0.12 4,615 ESOS 2 0.10 3,330 0.10 11,850 3,330 16,465 ANNUAL REPORT 2023 SASBADI HOLDINGS BERHAD 120 Financial Statements (continued)
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