KENANGA ANNUAL REPORT 2020

326 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 55. EQUITY COMPENSATION BENEFITS (CONT’D.) Kenanga’s Group Employees’ Share Scheme (“ESS”) (cont’d.) (1) ESOS (cont’d.) The following table illustrates the number and weighted average exercise price (“WAEP”) of, and movement in, share options during the financial year: ESOS First Offer 2020 Offer date Opening Movement during the financial year Outstanding As at 1.1.2020 Granted Exercised Forfeited/ Cancelled As at 31.12.2020 02.01.2018 46,260,100 - 8,027,100 2,320,000 35,913,000 WAEP (RM) 0.575 - 0.575 0.575 0.575 2019 Offer date Opening Movement during the financial year Outstanding As at 1.1.2019 Granted Exercised Forfeited/ Cancelled/ Lapsed As at 31.12.2019 02.1.2018 1,989,600 - - 124,000 1,865,600 02.1.2018 45,760,000 - - 1,365,500 44,394,500 WAEP (RM) 0.575 - - - 0.575 ESOS Second Offer 2020 Offer date Opening Movement during the financial year Outstanding As at 1.1.2020 Granted Exercised Forfeited As at 31.12.2020 31.05.2018 10,000,000 - - - 10,000,000 WAEP (RM) 0.630 - - - 0.630 2019 Offer date Opening Movement during the financial year Outstanding As at 1.1.2019 Granted Exercised Forfeited As at 31.12.2019 31.5.2018 10,000,000 - - - 10,000,000 WAEP (RM) 0.630 - - - 0.630