directors - The Lion Group

RESERVES AND PROVISIONS
There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in
the financial statements.
ISSUE OF SHARES AND DEBENTURES
During the financial year, the issued and paid-up share capital of the Company was increased from RM679,235,465
divided into 679,235,465 ordinary shares of RM1.00 each to RM697,056,465 divided into 697,056,465 ordinary
shares of RM1.00 each by the issuance of 17,821,000 new ordinary shares of RM1.00 each at par for cash pursuant to
the Executive Share Option Scheme (“ESOS”) of the Company.
The new ordinary shares issued rank pari passu in all respects with the then existing ordinary shares in the Company.
The Company did not issue any debenture during the financial year.
EXECUTIVE SHARE OPTION SCHEME (“ESOS”)
The ESOS of the Company became effective on 15 May 2000 and the main features of the ESOS are set out in Note 38
to the Financial Statements.
The persons to whom the options have been granted have no right to participate by virtue of the options in any share
issue of any other company.
The movements of number of options granted, exercised and lapsed pursuant to the ESOS during the financial year are
as follows:
Number of options
Balance Balance
Exercisable From Subscription price as of as of
per share 1.7.2004 Granted Exercised Lapsed 30.6.2005
RM
19.5.2000 1.00 2,323,000 – (2,144,000) (179,000) –
24.9.2003 1.00 4,923,000 – (4,705,000) (218,000) –
27.4.2004 1.00 11,823,000 – (10,972,000) (851,000) –
19,069,000 – (17,821,000) (1,248,000) –
The ESOS expired on 14 May 2005. As such, as of the end of the financial year, there were no unissued shares of the
Company under options.
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