Annual Report 2012, PDF - Axiata Group Berhad - Investor Relations

NOTES TO THEFINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012 (CONTINUED)14. EMPLOYEE SHARE OPTION AND SHARE SCHEME (CONTINUED)(a) Performance-Based ESOS and RSP [“Axiata Share Scheme”] (continued)(vi) Retention periodThe new ordinary shares of the Company allotted and issued pursuant to the exercise of any Shareoption or upon the vesting of RSA under the Axiata Share Scheme will not be subject to any retentionperiod.(vii) Ranking of the new shares to be issued under the Axiata Share SchemeThe Company’s new shares to be issued pursuant to Axiata Share Scheme shall, upon allotment andissuance, rank pari-passu in all respects with the existing issued shares of the Company except thatthey shall not be entitled to any dividend, right, allotment and/or other distribution in respect of whichthe entitlement date is before the date of allotment of such new ordinary shares.Eligible Employees who are residents in Malaysia and who have been granted share options have the optionto elect whether to exercise the options by way of:(i)Selling Flexibility; or(ii) To directly subscribe for shares.Whichever option once selected shall be applicable to the exercise of the options for the full duration ofthe Axiata Share Scheme unless otherwise determined by the Board in their sole discretion but subjectalways to the provisions of the Bye-Laws and the terms of the Selling Flexibility.Eligible Employees who are not residents in Malaysia and who have been granted options shall exercise theiroptions by way of Selling Flexibility for the full duration of the Axiata Share Scheme but subject always tothe provisions of the Bye-Laws and the terms of the Selling Flexibility for Foreign Guarantees.222