ACCOUNTABILITY | DIRECTORS’ REPORT 175 EMPLOYEES’ SHARE SCHEME (CONTINUED) No options were granted to Directors during the financial year ended 31 January 2024. 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 the commencement of the ESS to the financial year ended 31 January 2024, 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(e). 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 1.2.2023 Exercised Lapsed Outstanding as at 31.1.2024 Date of offer 27 February 2019 - first tranche 2,851,967 (2,536,421) (315,546) - - second tranche 4,284,693 (3,558,332) (726,361) - - third tranche 4,737,878 (4,009,332) (728,546) - 11,874,538 (10,104,085) (1,770,453) - Date of offer 22 January 2020 - first tranche 2,194,938 (11,600) (2,183,338) - - second tranche 2,195,172 - (2,195,172) - - third tranche 2,195,172 - (2,195,172) - 6,585,282 (11,600) (6,573,682) - Date of offer 28 September 2021 - first tranche 3,229,342 (278,400) (221,538) 2,729,404 - second tranche 3,356,742 (162,800) (233,138) 2,960,804 - third tranche 3,356,742 - (303,038) 3,053,704 9,942,826 (441,200) (757,714) 8,743,912 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. On 20 November 2023, the Nominating and Remuneration Committee (“NRC”) of the Company approved the allocation and award of 2023 Restricted Share Units (“2023 RSU Award”). The 2023 RSU Award is governed by the By-Laws of the Employees’ Share Scheme 2023 (“ESS2023”) approved by the shareholders on 13 July 2023. Under the 2023 RSU Award, either performance bonuses in cash or ordinary shares in the Company (“Yinson Shares”) are awarded to the eligible employees and Executive Directors of the Group. DIRECTORS’ REPORT
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