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Fima Corporation Berhad
(21185-P)
financial statements
144
NOTES TO THE FINANCIAL STATEMENTS
24. OTHER RESERVES (Cont’d.)
(c) Equity Contribution from Parent (Cont’d.)
The ESS is for a period of 5 years and the Options Committee has the discretion to extend the duration of the ESS for up
to another 5 years provided that the scheme does not exceed 10 years in its entirety.
(i)
ESOS
The following table illustrates the number of share options (“No.”) and weighted average exercise prices (“WAEP”) of,
and movements during the financial year as disclosed in the financial statements of Kumpulan Fima Berhad:
Movement of share options under ESOS during the financial year
Group
2017
2016
No. WAEP (RM)
No. WAEP (RM)
Outstanding at 1 April 2016/2015
8,273,500
1.64
9,128,200
1.64
-Granted
268,800
1.83
844,800
1.89
-Forfeited
(2,166,117)
1.49
(818,900)
1.77
-Exercised
(2,812,500)
1.93
(880,600)
1.48
Outstanding at 31 March
3,563,683
1.89
8,273,500
1.64
Exercisable at 31 March
-
-
8,736,000
1.68
-
The weighted average fair value of options granted during the financial year was RM0.17 (2016: RM0.28).
-
The weighted average share price at the date of exercise of the options exercised during the financial year was
RM1.89 (2016: RM1.91).
-
The weighted average exercise price for options outstanding at the end of the year was RM1.89 (2016:
RM1.64).
-
The ESOS had expired on 17 November 2016.
Fair value of share options granted
The fair value of the share options granted is estimated at the grant date using a binomial option pricing model,
taking into account the terms and conditions upon which the instruments were granted.