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Kumpulan Fima Berhad
(11817-V)
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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