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Kumpulan Fima Berhad

(11817-V)

114

Employees’ Share Scheme (“ESS”) (cont’d.)

The details of the ESS are disclosed in Note 33 to the financial statements.

During the financial year, the Company had granted additional 268,800 (2016: 844,800) share options under the ESOS to newly

eligible employees and 190,000 (2016: 188,000) shares were vested under the RSGS.

Details of all options for which eligible employees are entitled to subscribe for the ordinary shares of the Company pursuant to the

ESS as at 31 March 2017 are as follows:

Exercise

Number of

Grant date

price (RM)

options

Expiry date

ESOS

18 November 2011

1.48

19,401,000

17 November 2016

16 January 2012

1.76

279,000

17 November 2016

11 July 2012

1.76

614,000

17 November 2016

4 January 2013

1.81

932,000

17 November 2016

17 June 2013

2.07

341,000

17 November 2016

23 December 2013

1.97

799,100

17 November 2016

24 June 2014

2.19

612,200

17 November 2016

15 January 2015

1.98

1,022,600

17 November 2016

3 July 2015

1.98

385,800

17 November 2016

1 December 2015

1.82

459,000

17 November 2016

27 June 2016

1.83

268,800

17 November 2016

Sub total

25,114,500

RSGS

18 November 2011

1,130,000

17 November 2016

Total

26,244,500

The maximum number of option shares which the aforesaid option holders can exercise in a particular year shall be limited to 20%

of their granted allocation as stipulated in their ESS offer letter.

Details of options granted to directors of the Company and its subsidiaries are disclosed in the section on Directors’ interests in this

report.

The vesting of the RSGS shares is conditional upon the satisfaction of the performance targets of the Group and all other conditions

as set out in the ESS Bye-Laws.

The Company’s share option scheme has expired on 17 November 2016.

Other statutory information

(a) Before the statements of comprehensive income and statements of financial position of the Group and of the Company were

made out, the directors took reasonable steps:

(i)

to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of allowance for

doubtful debts and satisfied themselves that there were no known bad debts and that adequate allowance had been

made for doubtful debts; and

(ii)

to ensure that any current assets which were unlikely to realise their values as shown in the accounting records in the

ordinary course of business had been written down to an amount which they might be expected so to realise.

DIRECTORS’

RePoRt