Connecting the nation. and Beyond. - ChartNexus

31 SHARE CAPITAL (cont’d)
Employees’ Share Option Scheme
The Company proposed a new Employees’ Share Option Scheme (2007/2012 ESOS or the Scheme) following the expiry
of the 2002/2007 ESOS on 5 September 2007. The 2007/2012 ESOS was approved by the shareholders at an Extraordinary
General Meeting held on 29 May 2007 and became effective on 31 October 2007 for a period of five (5) years.
The details of the 2007/2012 ESOS are contained in the Bye Laws and the salient features thereof are as follows:
(a) The Scheme is set up for the participation in the ordinary share capital of the Company only.
The total number of shares to be offered under the 2007/2012 ESOS shall not exceed 15% of the total number of
issued and fully paid ordinary shares of the Company at any time during the tenure of the Scheme, which shall be in
force for a period of five (5) years commencing 31 October 2007.
(b) Eligible employees (including Executive Directors) are those who must have been confirmed in his/her position as
an employee with a minimum of six (6) months continuous service on or prior to the date of offer of the 2007/2012
ESOS.
(c) The Scheme is administered by an ESOS Committee which consists of such persons duly appointed by the Board
from time to time.
(d) An option granted under the 2007/2012 ESOS is capable of being exercised by the grantee by notice in writing to the
Company commencing from the date of the offer and expiring on 30 October 2012.
(e) Options granted for each year may be exercised in full or in such lesser number of shares.
/ MRCB laporan tahunan 2011 / 231
(f) The option price of each share shall be either at premium or at a discount of not more than 10% from the weighted
average market price of the shares of the Company as stated in the Daily Official Listing issued by the Malaysia
Securities Exchange Berhad for the five (5) market days immediately preceding the date of offer and shall not be less
than the par value of the share.
(g) An eligible employee can only participate in one ESOS implemented by any company in the Group at any one time.
(h) All the new ordinary shares issued arising from the 2007/2012 ESOS shall rank pari passu in all respects with the
existing ordinary shares of the Company.