TREASURY SHARES
In the previous financial year, the Company repurchased 15,520,000 of its issued share capital from the open market on Bursa
Malaysia Securities Berhad (“Bursa Malaysia”) at an average price of RM3.46 per share. The total consideration paid for the
repurchase including transaction costs was RM54,413,249. The shares repurchased are being held as treasury shares in
accordance with Section 67A of the Companies Act, 1965.
Details of the treasury shares are set out in Note 33 to the financial statements.
EMPLOYEES’ SHARE OPTION SCHEME
The Company implemented an employee’s share option scheme (“ESOS”) in 2015 for a period of 5 years for eligible employees
and Directors of the Group. Details of ESOS are set out in Note 34 to the financial statements.
The Company was granted exemption by the Companies Commission of Malaysia via a letter dated 14 January 2016 from having
to disclose in this report the names of the persons to whom less than 200,000 options have been granted during the financial
year and details of their holdings pursuant to Section 169(11) of the Companies Act, 1965. Other than the Directors, the persons
to whom 200,000 and more options have been granted comprise the following:
Number of options over ordinary shares of RM0.50 each
At
1.1.2015
Granted (Exercised)
At
31.12.2015
Unvested
options at
31.12.2015
Mohd Sahir bin Rahmat
–
250,000
–
250,000
200,000
Jasimah bt Hassan
–
250,000
(25,000)
225,000
200,000
Abdol Wahab bin Baba
–
225,000
–
225,000
180,000
Mohd Nasir bin Mohamed
–
200,000
–
200,000
160,000
Sabariah Fauziah bte Jamaluddin
–
200,000
–
200,000
160,000
Mah Lai Heng
–
200,000
–
200,000
160,000
Ahmad Nasirruddin bin Harun
–
200,000
–
200,000
160,000
A complete list is filed with the Companies Commission of Malaysia.
216
Directors’
Report
(CONTINUED)
