Events 2005 - ChartNexus

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Notes to the Financial Statements 31 December 2005
20. SHARE CAPITAL (Continued)
Warrant 2000/2005 (Continued)
The Warrants were granted for listing and quotation with effect from 28 February 2001. The Warrants were expired on
5 September 2005. Number of warrants exercised during the financial year ended 31 December 2005 was 34,382,353 (2004:
3,235,800). The remaining unexercised warrants of 335,303 lapsed upon expiry of the warrants.
Employees’ Share Option Scheme
An Employees’ Share Option Scheme ("ESOS") was implemented on 13 February 2001 for the benefit of the executive directors and
eligible employees, following approvals from shareholders and the Securities Commission ("SC").
The salient features of the ESOS as per the By-Laws are as follows:
(a) The maximum number of shares to be offered under the Scheme shall not exceed 10% of the issued and paid up share
capital of the Company at any point in time during the duration of the Scheme or such additional number as may be
permitted by the SC during the duration of the Scheme.
(b) The employees and executive directors who are eligible to participate in the Scheme must as at the date of offer be at least
18 years of age and is a confirmed employee with at least one (1) year of continuous service with the Group.
(c) The option granted shall be in force for a period of five (5) years from 13 February 2001.
(d) The option price for each new share under the ESOS shall be determined at a discount of not more than 10% from the 5day
weighted average market price of the share immediately preceding the date on which the offer is made by the option
committee or the par value of the share, whichever is higher.
(e) The employees and executive directors to whom the options have been granted have no right to participate, by virtue of
these options, in any share issue of any other Company.
The outstanding offered options to take up unissued ordinary shares of RM1.00 each and the option prices are as follows:
Options over ordinary shares of RM1.00 each
Exercise As at As at
Granted Expiry price January December
date date RM 2005 Granted Exercised Lapsed 2005
30.4.2001 13.2.2006 3.83 7,187,000 – (6,266,000) – 921,000
30.4.2002 13.2.2006 6.52 352,000 – (101,000) – 251,000
30.4.2003 13.2.2006 5.43 162,000 – (109,000) – 53,000
30.4.2004 13.2.2006 5.85 187,000 – (114,000) – 73,000
30.4.2005 13.2.2006 6.24 – 158,000 (67,000) (31,000) 60,000
7,888,000 158,000 (6,657,000) (31,000) 1,358,000