Eng - IOI Group

directors’report cont’dEXECUTIVE SHARE OPTION SCHEME cont’diiiNo option shall be granted for less than 1,000 shares or more than 2,000,000 shares.ivAny allotment of options to the selected eligible executives who are directors or part of senior management shallnot exceed 50% of the available balance and any allotment to a selected eligible executive who is also a majorshareholder shall not exceed 10% of the available balance.vThe option price for ordinary share of RM0.50 each shall be a price to be determined by the Board upon therecommendation of the Option Committee which is at a discount of not more than 10% on the weighted averagemarket price of the shares of the Company as shown in the Daily Official List issued by the KLSE for the five marketdays preceding the date of offer or the par value of the shares, whichever is higher.viThe original option period of five years that expired on 4 April 2000, was extended for another five years to expireon 4 April 2005.viiThe options granted may be exercised at anytime within the option period from the date of offer of the option.viii The options granted may be exercised in full or in lesser number of ordinary shares provided that the number shallbe in multiples of and not less than 1,000 shares.ixGrantee of the option has no right to participate by virtue of the option in any other share issue of any other company.During the financial year, pursuant to the Capital Distribution, the option price of the ESOS was adjusted in accordancewith section 14.1(b) of the Bye-Laws of ESOS as follows:In RMOriginalOption PriceAdjustedOption PriceIOI Corporation BerhadAnnual Report 2003118RM2.20RM2.45RM2.50RM2.70RM2.80RM3.50RM3.70RM3.90RM2.13RM2.37RM2.42RM2.61RM2.71RM3.38RM3.58RM3.77