169 ACCOUNTABILITY Employees’ Share Scheme (continued) The aggregate maximum number of options granted to the Directors and Senior Management shall not be more than 80% of the Scheme Shares available under the ESS. Since commencement of the ESS to financial year ended 31 January 2023, 8.10% of Scheme Shares available under the ESS were allotted to the Directors and Senior Management of the Company. The salient features and other terms of the ESS are disclosed in Note 29(a) to the financial statements. The impact to ESS arising from the Bonus Issue and Rights Issue is disclosed in Note 29(d). 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 1.2.2022 Bonus Issue Rights Issue Exercised Lapsed Outstanding as at 31.1.2023 Date of offer 30 March 2018 - first tranche 220,000 - - (110,000) (110,000) - - second tranche 1,018,600 - - (833,600) (185,000) - - third tranche 1,379,200 - - (1,193,900) (185,300) - 2,617,800 - - (2,137,500) (480,300) - Date of offer 27 February 2019 - first tranche 1,336,500 1,336,500 433,677 (161,700) (93,010) 2,851,967 - second tranche 2,218,300 1,984,700 648,247 (473,300) (93,254) 4,284,693 - third tranche 2,782,800 2,717,400 821,265 (1,488,500) (95,087) 4,737,878 6,337,600 6,038,600 1,903,189 (2,123,500) (281,351) 11,874,538 Date of offer 22 January 2020 - first tranche 1,091,600 1,031,600 333,258 - (261,520) 2,194,938 - second tranche 1,061,700 1,001,700 323,360 - (191,588) 2,195,172 - third tranche 1,091,700 1,031,700 333,292 - (261,520) 2,195,172 3,245,000 3,065,000 989,910 - (714,628) 6,585,282 Date of offer 28 September 2021 - first tranche 1,500,000 1,500,000 489,985 (127,400) (133,243) 3,229,342 - second tranche 1,500,000 1,500,000 489,985 - (133,243) 3,356,742 - third tranche 1,500,000 1,500,000 489,985 - (133,243) 3,356,742 4,500,000 4,500,000 1,469,955 (127,400) (399,729) 9,942,826 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. DIRECTORS’ REPORT (CONT’D)
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