263 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 ACCOUNTABILITY (FINANCIAL STATEMENTS) 29. Share-based compensation plans (continued) (a) Employees’ Share Scheme (continued) Movements in the number of share options over ordinary shares outstanding and their related weighted average exercise prices are as follows: Grant date At start of the financial year ‘000 Bonus Issue ‘000 Rights Issue ‘000 Exercised ‘000 Lapsed ‘000 At end of the financial year ‘000 2023 30.3.2018 2,618 - - (2,138) (480) - 27.2.2019 6,338 6,039 1,903 (2,123) (282) 11,875 22.1.2020 3,245 3,065 990 - (715) 6,585 28.9.2021 4,500 4,500 1,470 (127) (400) 9,943 16,701 13,604 4,363 (4,388) (1,877) 28,403 Grant date At start of the financial year ‘000 Granted ‘000 Exercised ‘000 Lapsed ‘000 At end of the financial year ‘000 2022 30.3.2018 3,515 - (887) (10) 2,618 27.2.2019 7,368 - (940) (90) 6,338 22.1.2020 3,410 - - (165) 3,245 28.9.2021 - 4,740 - (240) 4,500 14,293 4,740 (1,827) (505) 16,701 For the financial year ended 31 January 2023, the weighted average share prices at the time of exercise of 2,138,000 (2022: 887,000) share options under the second offer of options on 30 March 2018, 2,123,000 (2022: 940,000) share options under the third offer of options on 27 February 2019 and 127,000 (2022: NIL) share options under the fifth offer of options on 28 September 2021 were RM2.15 (2022: RM5.76), RM2.40 (2022: RM5.69) per share and RM2.58 (2022: NIL) respectively. (b) 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. Under the LTIP, either performance bonuses in cash or ordinary shares in the Company (“Yinson Shares”) are awarded to the eligible employees and an executive director of the Group. 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.
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